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Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take Bobby to pay back the loan? 3 4 11 12

Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take Bobby to pay back the loan? 3 4 11 12
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Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take Bobby to pay back the loan?

3
4
11
12

asked
User Hauns TM
by
7.9k points

2 Answers

5 votes

Answer:

3

Explanation:

answered
User Aleks Per
by
9.0k points
2 votes
The answer is 3 hopefully this helps!!!
answered
User Vahn Marty
by
7.8k points
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