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

Question

3 years ago

6

he loan. Now she owes him $90 in interest, plus the principal amount. How much did Claire borrow?

2 answers:

slega [8] · Answer 1 · 2022-07-31T01:22:17+03:00

slega [8]3 years ago

4 0

Answer:

500

Step-by-step explanation:

Nadya [2.5K] · Answer 2 · 2022-07-31T00:07:30+03:00

Nadya [2.5K]3 years ago

3 0

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 :

$I=p\times r\times t$

Putting values in formula we get;

$90=p\times0.06\times3$

$90=0.18p$

p = $500

Hence, Claire borrowed $500 from her father.