Register
PLEAS HELP Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon originally borrow?
188k views
5 votes
PLEAS HELP

Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon originally borrow?

User MrAsterisco
by
7.1k points

2 Answers

4 votes

Answer:

200

Explanation:

User Joyell
by
7.8k points
7 votes

Answer:

$200

Explanation:

200×4%=8

8×3=24

The original amount is $200

User Grzegorz Gajos
by
7.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.4m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!