Dave borrowed $7100 from his uncle with simple interest of 8% and eventually repaid $8236 (principal and interest). What was the time period of the loan? The time period of the loan was______ year(s). (Type an integer or a decimal.)
Dave borrowed $7100 from his uncle with simple interest of 8% and eventually repaid $8236 (principal and interest). What was the time period of the loan? The time period of the loan was______ year(s). (Type an integer or a decimal.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
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Dave borrowed $7100 from his uncle with simple interest of 8% and eventually repaid $8236 (principal and interest). What was the time period of the loan?
The time period of the loan was______ year(s).
(Type an integer or a decimal.)
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