Three years ago, Claire borrowed money from her father to pay for a class trip. She agreed to pay 6% simple annual interest on t
he loan. Now she owes him $90 in interest, plus the principal amount. How much did Claire borrow?
2 answers:
Answer:
500
Step-by-step explanation:
Answer:
Claire borrowed $500 from her father.
Step-by-step explanation:
Interest = $90
p = ?
r = 6% or 0.06
t = 3
Simple interest formula is :
Putting values in formula we get;
p = $500
Hence, Claire borrowed $500 from her father.
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