26-02-2020
Mathematics

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If you earned $200 interest on a loan of $500 at an interest rate of 2%, how many years was the loan for?

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MadisonStanley1215 MadisonStanley1215

26-02-2020

Answer: 0.4=0.02 t

Step-by-step explanation:

i = p · r · t

200 = 500(0.02)t

0.4 =0.02t

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