koiryrubio koiryrubio

02-12-2017
Mathematics

contestada

Mia borrowed 5,000 from her grandparents to pay college expenses. She pays them $125 each month, and simple interest at an annual rate of 5% on the remaining balance of the loan at the end of each year. For how many years will she pay interest?

Respuesta :

Sierraa396 Sierraa396

02-12-2017

25×12=300 for the year
5000-300=4700

5%×4700=235
235÷25=9.4

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