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?

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02-10-2022
Mathematics

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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?

Sagot :

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