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Jessica borrowed $500 from a lender that charge simple interest at the rate of 6%. When Jessica paid off her loan, she paid $150 in interest. How long was the loan for in years<…

Jessica borrowed $500 from a lender that charge simple interest at the rate of 6%. When Jessica paid off her loan, she paid $150 in interest. How long was the loan for in years<…
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Jessica borrowed $500 from a lender that charge simple interest at the rate of 6%. When Jessica paid off her loan, she paid $150 in interest. How long was the loan for in years

asked
User Sungjun Cho
by
9.0k points

1 Answer

2 votes

Answer:

it was a 2 year loan with $210 contributed each year

Explanation:

answered
User Pooja Singh
by
8.6k points
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