You loaned a friend $1000.00 at the simple interest rate of 4% per year. If the total interest that your friend paid was $150.00, how long was the term of the loan?

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02-10-2022
Mathematics

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You loaned a friend $1000.00 at the simple interest rate of 4% per year. If the total interest that your friend paid was $150.00, how long was the term of the loan?

Sagot :

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