Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money? Remember, your answer will be in years!

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asked May 9, 2022 86.5k views

7 votes

Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money? Remember, your answer will be in years!

Mathematics
high-school

Mercury asked

by Mercury

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1 Answer

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Explanation:

well..this is the answer..using..time formula

Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest-example-1

Paul Pepper answered May 13, 2022

by Paul Pepper

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