Posted by **Lindsey** on Monday, February 5, 2007 at 5:39pm.

problem:

Dena borrowed $7500 to buy a used car. The credit union charged 9%(percent it looks kind of funny) simple intrest per year. She paid $2025 in interest. For what period of time did she borrow the money.

It would be 3 years. Get how much they charge her per year which is 7500 times .09 (9% in decimal) that gives you 675. Then you divide 2025 by 675 (the amount per year) and you will get 3 years.

Hope that helps!

- Pre-Algebra -
**Nina**, Monday, March 5, 2012 at 9:37pm
3 Years.

## Answer this Question

## Related Questions

- algebra interest word problem - Steve Marino borrowed $500 from his credit union...
- financial mathematics - jeromeborrowed an amount of money on 16th june 1999. he ...
- Math - A customer purchased a car and financed $16,000. The customer borrowed ...
- math - Diane Van Os decided to buy a new car since her credit union was offering...
- Applied College Msthematics - jennifer stemberg borrowed money to buy a car at ...
- ALGERBRA - THE PRINCIPAL IS BORROWED AT SIMPLE INTREST RATE OF R FOR A PERIOD OF...
- pre-algebra - thomas borrowed $4800 to buy a new car. he will be paying $96 each...
- Maths - Solve the problem. Assume that simple interest is being calculated. ...
- math - Katie Chalmers borrowed money from her credit union at 13.2% simple ...
- Math - Katie Chalmers borrowed money from her credit union at 13.2% simple ...

More Related Questions