Diane borrowed $500 from a lender that charged simple interest at an annual rate 6%. When Diane paid off the loan, she paid $90 in interest. How long was the loan for, in years?

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Thahir asked Nov 2, 2023

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Diane borrowed $500 from a lender that charged simple interest at an annual rate 6%. When Diane paid off the loan, she paid $90 in interest. How long was the loan for, in years?

Mathematics
high-school

Thahir asked Nov 2, 2023

by Thahir

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14 votes

Answer:

900shs/90%

Explanation:

only in a year

Yinkou answered Nov 8, 2023

by Yinkou

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