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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?
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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
5.6k points

2 Answers

4 votes

Answer:

200

Explanation:

User Joyell
by
5.9k points
7 votes

Answer:

$200

Explanation:

200×4%=8

8×3=24

The original amount is $200

User Grzegorz Gajos
by
5.6k points
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