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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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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

User Sungjun Cho
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1 Answer

2 votes

Answer:

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

Explanation:

User Pooja Singh
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