Margaret's car loan statement said she would pay $7,683.20 in a simple interest for a 5 year loan at 9.8% how much did Margaret
borrow to buy the car
1 answer:
Answer:15,680
Step-by-step explanation:
7,683.207,683.20=(P)(0.098)(5)=0.49P
Dividing both sides by 0.49, we have
P=7,683.200.49=15,680
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