Jessica borrowed $500 from a lender that charge simple interest at the rate of 6%. When Jessica paid off her loan, she paid $150 in interest. How long was the loan for in years

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Pzr asked Dec 8, 2022

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Jessica borrowed $500 from a lender that charge simple interest at the rate of 6%. When Jessica paid off her loan, she paid $150 in interest. How long was the loan for in years

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Pzr asked Dec 8, 2022

by Pzr

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Answer:

it was a 2 year loan with $210 contributed each year

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Sieppl answered Dec 13, 2022

by Sieppl

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