Question

Finding the principal, rate, or time of a simple interest loan or investment Diane borrowed $200 from a lender that charged simple interest at an annual rate of 8%. When Diane paid off the loan, she paid $80 in interest. How long was the loan for, in years?

Name: finding the principal rate or time of a simple interest loan or investment diane borrowed 200 from a lender that charged simple interest at an annual rate of 8 when diane paid off the loan s 78702
Uploaded: 2023-05-28T19:42:08-08:00
Duration: 1 min 10 s
Channel: Kathleen Carty
Description: finding the principal rate or time of a simple interest loan or investment diane borrowed 200 from a lender that charged simple interest at an annual rate of 8 when diane paid off the loan s 78702

          Finding the principal, rate, or time of a simple interest loan or investment Diane borrowed $200 from a lender that charged simple interest at an annual rate of 8%. When Diane paid off the loan, she paid $80 in interest. How long was the loan for, in years?

Added by Mohamed B.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

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Solved by Expert Kathleen Carty

05/28/2023

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Finding the principal, rate, or time of a simple interest loan or investment Diane borrowed $200 from a lender that charged simple interest at an annual rate of 8%. When Diane paid off the loan, she paid $80 in interest. How long was the loan for, in years?