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2) A loan application was received and processed at Boyz Credit Union. A rate of 14% was indicated. At the end of the first year the borrower paid an interest on the loan of $1680.00. What was the amount
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2) A loan application was received and processed at Boyz Credit Union. A rate of 14% was indicated. At the end of the first year the borrower paid an interest on the loan of $1680.00. What was the amount borrowed?

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User Glubus
by
8.3k points

1 Answer

6 votes

Explanation:

14÷100×1680.00

=$235,20

User Olive
by
8.5k points
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