Marcus borrowed $9,000 from his bank to buy a car, the bank charged him a simple interest rate of 1.25% by the time he payed back the money he had payed a total of $9,281.25 how long did it take for Marcus to pay back the money

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Respuesta :

100*I=PRT. Make T the subject =100I/PR
Substitute the figures in
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Answer:2.5

$9281.25-$9000=$281.25

i=P*R*T

$281.25=$9000*1.25%*T

$281.25=$112.5T

$281.25/$112.5=$112.5T/$112.5

2.5=T

Step-by-step explanation: