Register
A 1year loan at 6% ended up costing $144 in simple interest . How much money was borrowed
159k views
2 votes
A 1year loan at 6% ended up costing $144 in simple interest . How much money was borrowed

User Spinsch
by
7.3k points

1 Answer

6 votes
How much money was borrowed $144/0.06 = $2,400.
User Cyang
by
8.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!