Money is borrowed at 10% simple interest. After one year, $597.30 pays off the loan. How much was originally borrowed?

asked Feb 1, 2022 182k views

12 votes

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8 votes

Answer:

$543

Explanation:

597.3/1.10 =543

543*.10 = 54.3

597.3-54.3 = 543

Glm answered Feb 3, 2022

by Glm

5.8k points

7 votes

that means it’s $925

Navin Peiris answered Feb 7, 2022

5.5k points

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