2 years ago

Money is borrowed at %18 simple interest. After one year, $981.76 pays off the loan. How much was originally borrowed?

Mathematics

1 answer:

Genrish500 [490]2 years ago

6 0

Answer:

$805.0432

Step-by-step explanation:

118% was paid, so the original would be 82% of 981.76 (100-18), which is $805.0432 (rounds to $805.04)

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Money is borrowed at ​%18 simple interest. After one​ year, ​$981.76 pays off the loan. How much was originally​ borrowed?

Money is borrowed at %18 simple interest. After one year, $981.76 pays off the loan. How much was originally borrowed?