Question: Deandre borrowed $6000 from a lender that charged simple interest at an annual rate of 3% . When Deandre paid off the loan, he paid

Deandre borrowed

$6000

from a lender that charged simple interest at an annual rate of

3%

. When Deandre paid off the loan, he paid

$1080

in interest. How long was the loan for, in years? If necessary, refer to the

list of financial formulas

.

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