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Debra took out a loan for 7 months and was charged simple interest at an annual rate of 7.2%. The total interest she paid on the loan was $231. How much money did Debra borrow?
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Debra took out a loan for 7 months and was charged simple interest at an annual rate of 7.2%. The total interest she paid on the loan was $231. How much money did Debra borrow?

User Sam Plus Plus
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1 Answer

2 votes

Answer:

$5 500

Explanation:

Debra took out a loan for 7 months and was charged simple interest at an annual rate-example-1
User Jordan Smith
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7.8k points
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