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Mr. Womer borrowed $1,100 to start his own business. National Bank charged him 15% interest per year. Mr. Womer paid $330 in interest. For what period of time did he borrow the money?
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3 votes
Mr. Womer borrowed $1,100 to start his own business. National

Bank charged him 15% interest per year. Mr. Womer paid $330 in
interest. For what period of time did he borrow the money?

User ApplePie
by
4.7k points

1 Answer

2 votes
The Answer is - 2 years
1100x15%=165
165x2=330
User Zhang Buzz
by
4.8k points
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