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A student borrows $300 at 2% simple interest (annual rate). When the loan is repaid, the amount of the principal and interest is $345. What

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A student borrows $300 at 2% simple interest (annual rate). When the loan is repaid, the amount of the principal and interest is $345. What was the length of the loan? (Round your final answer to one decimal place.) 11 X yr Additional Materials DeBook Please provide formula and solve

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