Assistance needed.
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Ms Pecho currently owes $637.50 in simple interest on a loan of $2500 at an annual interest rate of 17%. How long has she had the loan.
This is his problem and I have no clue how to help him but I do know the answer he came up with is 18.77. That seems wrong to me.
6 answers
Math. I thought it was understood when I said math homework and the question asked about percentages.
I see no school subject box
8th grade math. I cannot help my grandson with his math. I do not understand it myself. It is dealing with percentages. I do not understand it.
2500 * 0.17 = $425 annual interest
637.5 / 425 = 1.5 years
637.5 / 425 = 1.5 years
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