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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Mar 14, 2023 90.5k views

1 vote

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

Sanjay Vamja asked

by Sanjay Vamja

2.5k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

1 vote

Answer:

900shs/90%

Explanation:

only in a year

SivaRajini answered Mar 20, 2023

by SivaRajini

3.1k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions