Question

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​

Answer 1

Answer:15,680

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