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3 October, 07:37

Frank borrowed $800 from a lender that charged simple interest at an annual rate of 4%. When Frank paid of the loan, he paid $128 in interest How long was the loan for, in years?

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  1. 3 October, 08:34
    0
    4 years

    Step-by-step explanation:

    800 x 0.04 = 32

    128 : 32 = 4

    4 years

    ...

    4% = 0.04 because of 4 : 100
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