Sanjay borrowed $7,000 at a simple interest rate of 3% per year. After a certain number of years he had paid $840 in interest altogether. How many years was that? ____ 2 years ____ 2.5 years ____ 3 years ____ 4 years

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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Sanjay borrowed $7,000 at a simple interest rate of 3% per year.
After a certain number of years he had paid $840 in interest altogether.
How many years was that?

____ 2 years

____ 2.5 years

____ 3 years

____ 4 years

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