Question: Tom borrowed $2000 from a lender that charged simple interest at an annual rate of 8%. When Tom paid off the loan, he paid $640

Tom borrowed $2000 from a lender that charged simple interest at

Tom borrowed $2000 from a lender that charged simple interest at an annual rate of 8%. When Tom paid off the loan, he paid $640 in interest. How long was the loan for, in years? If necessary, refer to the list of financial formulas

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