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Akule borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what period of time did Akule borrow money

Akule borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what period of time did Akule borrow money
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Akule borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what period of time did Akule borrow money

User Jitendra Tiwari
by
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1 Answer

6 votes
1500*18%=270
They borrowed the money for a year and 4 months or 1 1/3 years.
User Jeninja
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