16-11-2020
Mathematics

contestada

Lisa loaned John $5000 at an interest rate of 6%. He repaid her $5750 to cover the principal and interest. How long did he borrow the money?

Respuesta :

marissabella2005 marissabella2005

16-11-2020

Answer:

time in years = 2.5 years

Step-by-step explanation:

time = interest / (principal amount x rate)

time = 750 / 5000 x 0.06

time = 750 / 300

time = 2.5 years

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