Register

Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon ori…

Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon ori…
218k views
3 votes
Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon originally borrow?

User Tomasantunes
by
7.9k points

2 Answers

1 vote

Answer:

200

Explanation:

just did the lesson

User Tamil Selvan C
by
8.8k points
1 vote

Answer:

200

Explanation:

200×4%=8

8×3=24

The original amount is $200

User Ammouna
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!