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Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money? Remember, your answer will be in years!…

Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money? Remember, your answer will be in years!…
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Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money? Remember, your answer will be in years!

asked
User Mercury
by
7.7k points

1 Answer

14 votes

Explanation:

well..this is the answer..using..time formula

Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest-example-1
answered
User Paul Pepper
by
7.3k points
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