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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Home » Mathematics » 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