Question

Lily just paid off a $400 loan. She had to pay $60 in interest at a simple annual interest rate of 5%. How many years did Lily have this loan?

Answer 1

B/3

Explanation:

yes dont ask. I KNOW ITS RIGHT

Answer 2

I=prt,,60=400*0.05t,,t=3 ..................

this is what i got i hope it is use full to you <3

Explanation: