Dave borrowed $7500 from his uncle with simple interest of 15% and eventually repaid $8625 (principal and interest). What was the time period of the loan? The time period of the loan was year(s). (Type an integer or a decimal.)

Dave borrowed $7500 from his uncle with simple interest of 15% and eventually repaid $8625 (principal and interest). What was the time period of the loan? The time period of the loan was year(s). (Type an integer or a decimal.)

Name: SHOW WORK PLZ Dave borrowed $7500 from his uncle with simple interest
Uploaded: 2024-03-20T06:38:44.000Z
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Description: SHOW WORK PLZ Dave borrowed $7500 from his uncle with simple interest of 15% and eventually repaid $8625 (principal and interest). What was the time period of the loan?The time period of the loan was year(s). (Type an integer or a decimal.)

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...

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