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2 years ago

14

Elsa took out a 2-year loan to buy a car at 6% simple interest rate if she had to pay264 in interest how much principal did she

borrow

1 answer:

mina [271]2 years ago

5 0

I = p * r * t
264 = p * .06 * 2
264 = .12p
Divide both sides by .12
p = $2200

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