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A $ 5 0 0 0 loan was repaid with 8 % simple annual interest. A total of $ 5 3 5 0 was paid.

A $5000 loan was repaid with 8% simple annual interest. A total of $5350 was paid. How long had the loan been outstanding? The answer is close to
Question 2 Select one:
10.5 months
15.1 months
11.0 months
19.6 months

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