user161633 user161633

09-02-2021
Mathematics

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Your cousin borrows $1125 to repair her car. The simple annual interest rate is 10%. She makes equal monthly payments of $25. How many years will it take to pay off the loan? (PLSSS HELP)

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samuelonum1 samuelonum1

17-02-2021

Answer:

Step-by-step explanation:

Your cousin borrows $1125 to repair her car. The simple annual interest rate is 10%. She makes equal monthly payments of $25. How many years will it take to pay off the loan? (PLSSS HELP)

Given data

P=$1125

R=10%= 0.1

I= $25

We know that

I=PRT

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