Ask Question
11 July, 02:32

Frank borrowed $800 from a lender that charged simple interest at an annual rate of 4%. When Frank paid of the loan, he paid $128 in interest How long was the loan for, in years?

+4
Answers (1)
  1. 11 July, 03:50
    0
    4 years

    Step-by-step explanation:

    800 x 0.04 = 32

    128 : 32 = 4

    4 years

    ...

    4% = 0.04 because of 4 : 100
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Frank borrowed $800 from a lender that charged simple interest at an annual rate of 4%. When Frank paid of the loan, he paid $128 in ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers