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Alenkasestr [34]
3 years ago
8

Mike borrowed some money for 2 years at 8% simple interest. If he had to pay back a total of $4060 how much did he borrow, how m

uch did he originally borrow?
Mathematics
1 answer:
Temka [501]3 years ago
7 0

Answer:P = $ 25,375.00

Step-by-step explanation:

P = 4060 / ( 0.08 × 2 ) = 25375

P = $ 25,375.00

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