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krok68 [10]
3 years ago
6

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​
Mathematics
1 answer:
Kobotan [32]3 years ago
7 0

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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