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Alicia borrowed $3000 from the bank at a rate of 12% simple interest per year. She earned 1440. How many years was the loan.?

Alicia borrowed $3000 from the bank at a rate of 12% simple interest per year. She earned 1440. How many years was the loan.?
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1 vote
Alicia borrowed $3000 from the bank at a rate of 12% simple interest per year. She earned 1440. How many years was the loan.?

User Shantae
by
8.2k points

1 Answer

14 votes

Answer:

1440 $

Explanation:

3000 - 100%

x - 12%

360 - 1 years

User Cwt
by
8.6k points
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