Bobby borrowed $500 at 12 percent simple annual interest. He paid back $680 to pay off the loan. How many years did it take
2 answers:
Answer:
OK DONT DELETE MY ANSWER IM JUST SAYING THE GUY WHO SAID ITS 11 IS WRONG I GOT IT WRONG ON E2020
Explanation:
Answer:The answer is 11
Explanation:
Using the simple interest formula, SI = PRT/100
Making T the subject of the formula T=100I/PR
I=$680, P=$500,R=12%
T= 100*680/500*12
T=68,000/6,000
T=11.3
Therefore to the whole number T=11
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