James borrowed money for school. He took out a loan that charges 6% simple interest. He will end up paying 720 in interest after 6 years. How much did James borrow for school

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asked Mar 2, 2024 222k views

2 votes

James borrowed money for school. He took out a loan that charges 6% simple interest. He will end up paying 720 in interest after 6 years. How much did James borrow for school

Mathematics
high-school

Alexblae asked

by Alexblae

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1 Answer

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720 = P•0.06•6

720= 0.36 P

P=2000

Hence

James borrowed $ 2000 for school

Alex Trebek answered Mar 9, 2024

by Alex Trebek

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