Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?

A) 8 years

B) 18 months

C) 5 years

D) 18 years

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Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?A) 8 yearsB) 18 monthsC) 5 yearsD) 18 years

Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?

A) 8 years

B) 18 months

C) 5 years

D) 18 years