document.write( "Question 444181: Richard took a loan of $10,000 at a rate of 7%. If he paid $1,400 in interest, how many years did it take him to pay back the loan? \n" ); document.write( "
Algebra.Com's Answer #306248 by mananth(16946)\"\" \"About 
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Rate, r = 7%=0.07
\n" ); document.write( "Loan, p =10,000
\n" ); document.write( "Interest, i = 1400
\n" ); document.write( "i=p*r*t
\n" ); document.write( "1400=10000*0.07*t
\n" ); document.write( "1400/(0.07*10000)=t
\n" ); document.write( "t= 2 years
\n" ); document.write( "
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