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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!
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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!

User Shahab Saalami
by
5.4k points

1 Answer

2 votes

Answer:

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:

User Buddyshot
by
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