29 March, 00:09
Bobby borrowed 500 at 12 percent simple annual interest. he paid back $680 pay off loan. how many years did it take Bobby to pay the loan?
29 March, 02:01
Basing on the data provided, if Bobby borrowed 500.00 and has an annual interest of 12% per year. 12% of the borrowed amount is equal to 60.00. Since he paid $680.00 that means that 680.00 - 500.00 = 180.00 worth of interest and since he pays an annual of 60.00 per year for the interest ergo, the answer is 3 years.
Know the Answer?
New Questions in Mathematics
Which are ways that humans can lower biodiversity as they use the environment? CHECK ALL THAT APPLY
The opera station broadcasts at 90.5 MHz and the rock nroll station at 07.1 MHz which station's signal has waves with longer wavelengths and which one has higher energy
Solve 3 q - 5 = 13 for q. q =
Beth files a suit against Cruise Line, Inc. Cruise responds that it appears from the pleadings that the parties do not dispute the facts and the only question is how the law applies to those facts.
Which of the following was best compares an armistice to a peace treaty
Aqueous hydrochloric acid will react with solid sodium hydroxide to produce aqueous sodium chloride and liquid water. Suppose 34. g of hydrochloric acid is mixed with 9.30 g of sodium hydroxide.
How did the colonist use it to get more support for their rebellion
Is 7/8 greater than 3/4
What is the molar mass of C2H6O
True Flight Golf manufacturers a popular shaft for golf clubs. Its trade secret is a unique process for weaving high-tension wire into the center of the shaft such that energy is accumulated during the swing and released at impact.
» Bobby borrowed 500 at 12 percent simple annual interest. he paid back $680 pay off loan. how many years did it take Bobby to pay the loan?