karinaivanov22 karinaivanov22

03-02-2021
Mathematics

contestada

Todd takes out a student loan for $25,000. The annual simple interest rate on the loan is 7.75%. If Todd will be paying $38,750 in interest alone, how many years is he taking to pay off the loan?

Respuesta :

spencersgirl07 spencersgirl07

03-02-2021

Answer:

20 years

Step-by-step explanation:

It will be 20 years

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