Rita took out a loan for  $4800  and was charged simple interest at an annual rate of  11.5% . The total interest she paid

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Rita took out a loan for 
$4800
 and was charged simple interest at an annual rate of 
11.5%
.
The total interest she paid on the loan was 
$138
.

How long was the loan for, in months?
Do not round any intermediate computations. If necessary, refer to the 
list of financial formulas
.

 

 
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