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Jake needed money for college. He borrowed $6,000 at 12% simple interest per year. If he paid $360 interest, what was the duration of the loan?

Jake needed money for college. He borrowed $6,000 at 12% simple interest per year. If he paid $360 interest, what was the duration of the loan?
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Jake needed money for college. He borrowed $6,000 at 12% simple interest per year. If he paid $360 interest, what was the duration of the loan?

asked
User Sam Janssens
by
8.5k points

1 Answer

2 votes

Answer:

x = 1/2.

Explanation:

Hope this helps!

answered
User Charles Follet
by
8.6k points
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