document.write( "Question 1202447: Michelle got a student loan for $12,500 to start her Freshman year in college. The
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document.write( "annual percentage rate is 7.54%. If she paid $9,425 in interest, how many years did
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document.write( "it take Michelle to pay off her loan? \n" );
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Algebra.Com's Answer #837297 by mananth(16946) You can put this solution on YOUR website! \n" ); document.write( "Principal P =12500 \n" ); document.write( "Rate = 7.54% = 0.0754 \n" ); document.write( "n= numbers\r \n" ); document.write( "\n" ); document.write( "Based on the given conditions, \r \n" ); document.write( "\n" ); document.write( "I = P *r*n\r \n" ); document.write( "\n" ); document.write( "12500*0.0754*n=9425\r \n" ); document.write( "\n" ); document.write( "9425/(12500*0.0754) = 10\r \n" ); document.write( "\n" ); document.write( "10 years \n" ); document.write( " |