Question: Lisa borrowed $ 4 0 0 0 from a lender that charged simple interest at an annual rate of 4 % . When Lisa paid
Lisa borrowed $ from a lender that charged simple interest at an annual rate of When Lisa paid off the loan, she paid $ in interest. How long was the loan for, in years?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
