Respuesta :
Firstly you would times 475 by the percentage, which you can convert to a decimal my multiplying the percentage by 100.
475 * 0.02 = 9.50
Then divide the interest by the amount of interest per year:
38 / 9.5 = 4.
The answer would be 4 years.
Hope this helps.
475 * 0.02 = 9.50
Then divide the interest by the amount of interest per year:
38 / 9.5 = 4.
The answer would be 4 years.
Hope this helps.