Answer:
The length of the loan was 2 years.
Step-by-step explanation:
Given that a computer is selling for $ 883, and the finance value is $ 1077.26 under an 11% simple interest loan, to determine what is the length of the loan, the following calculation must be performed:
883 x 0.11 = 97.13
(1077.26 - 883) / 97.13 = X
194.26 / 97.13 = X
2 = X
Therefore, the length of the loan was 2 years.
