Ask Question
26 March, 00:47

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

+2
Answers (1)
  1. 26 March, 00:52
    0
    1500*18%=270

    They borrowed the money for a year and 4 months or 1 1/3 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Akule borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what period of time did Akule borrow money ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers