Question

Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take Bobby to pay back the loan? 3 4 11 12

This is urgent please help!

Answer 1

12% of 500 is 600

year 1. 560$

year 2. 620$

year 3. 680$

it took 3 years for bobby to pay the loan

Explanation: