Mathematics, 01.12.2019 08:31, testedagent2823

lily just paid off a $400 loan. she had to pay $60 in interest at a simple annual interest rate of 5%. how many years did lily have this loan?

a. 2
b. 3
c. 4.5
d. 5

Answers: 2

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lily just paid off a $400 loan. she had to pay $60 in interest at a simple annual interest rate of 5...