rebalgirl44 rebalgirl44

29-01-2017
Mathematics

Answered

Money is borrowed at 12

%

simple interest. After one year, $1023.68

pays off the loan. How much was originally borrowed?

Verified Answer :

anthonysilby1 anthonysilby1

29-01-2017

Because 1023.68 is 112% of the loan, you can divide by 1.12 to get 914, which is the answer

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Anonymous Anonymous

30-01-2017

1023.68 is 112% is the equation

Answer Link

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