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Liula [17]
2 years ago
8

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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