Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For

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Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For what time period did Leroy borrow the money?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Feb 16, 2023 11:39 PM

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Leroy borrowed $1500 at an annual simple interest rate of 12%. He paid $270 in interest. For

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We can use the formula for simple interest to solve t... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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