Ask Question
16 January, 14:18

Jonathan borrowed $475 at a simple annual interest rate of 2% how many years will it take him to repay the loan if you wants to pay $38 in interest

+5
Answers (1)
  1. 16 January, 18:12
    0
    you would times 475 by the percentage, which you can convert to a decimal my multiplying the percentage by 100.

    475 * 0.02 = 9.50

    Then divide the interest by the amount of interest per year:

    38 / 9.5 = 4.

    it would be 4 years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Jonathan borrowed $475 at a simple annual interest rate of 2% how many years will it take him to repay the loan if you wants to pay $38 in ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers