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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