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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?
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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
4.7k points

2 Answers

1 vote

Answer:

200

Explanation:

just did the lesson

User Tamil Selvan C
by
5.5k points
1 vote

Answer:

200

Explanation:

200×4%=8

8×3=24

The original amount is $200

User Ammouna
by
5.4k points
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