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19 September, 19:00

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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  1. 19 September, 19:15
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    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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