Question

ames paid off the loan on his motorboat in the year 2006. He originally borrowed $6500 to buy the boat, but with simple annual interest, he discovered that he paid a total of $8775 over the life of the loan. If James’s annual interest rate was 7%, in what year did his loan begin?

Answer 1

Answer:

C/2001

Step-by-step explanation:

I did it and got it right

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