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Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1920. How much money did he borrow?
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Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1920. How much money did he borrow?

User Mike Caron
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5 votes

Answer:

$8000

Explanation:

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Hans borrowed money from a credit union for 4 years and was charged simple interest-example-1
User Scott Alan Miller
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