Shawna M.
asked • 09/05/17
Money borrowed at 14% simple interest. After one year, $729.60 pays off loan. How much was borrowed?
Arturo O.
answered • 09/05/17
Experienced Physics Teacher for Physics Tutoring
A = amount borrowed
14% simple interest means you pay back 1.14 times what you borrow.
$729.60 = 1.14A
A = $729.60/1.14 = $640
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