ylopez0 ylopez0

15-09-2020
Mathematics

contestada

Carlos borrowed $4000 from a lender that charged simple interest at an annual rate of 7%. When Carlos paid off the loan, he paid $560 in interest. How

was the loan for, in years?

Respuesta :

shawkinafea shawkinafea

15-09-2020

Answer:

it was 2 years

Step-by-step explanation:

4000*7%= 280

280 for a year

280x=560

x= 2

Answer Link

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