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If you borrowed $15,000 at a simple interest rate of 6% from your friend and promised to give back $20,000, for how long can you have the loan?

If you borrowed $15,000 at a simple interest rate of 6% from your friend and promised to give back $20,000, for how long can you have the loan?
asked 135k views
5 votes
If you borrowed $15,000 at a simple interest rate of 6% from your friend and promised to give back $20,000, for how long can you have the loan?

asked
User Cpl
by
8.2k points

1 Answer

5 votes

Answer:

5.55 Years im pretty sure

Step-by-step explanation:

answered
User Nitish Patel
by
8.5k points
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