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Mr. Garcia paid $63.70 interest on a one-year loan which had a 7% simple interest rate. How much did he borrow?
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2 votes
Mr. Garcia paid $63.70 interest on a one-year loan which had a 7% simple interest rate. How much did he borrow?

User Don Ho
by
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1 Answer

3 votes

Answer:

$910

Explanation:

63.70÷7= 9.1 $/1%

9.1 × 100 = $910

User Patrick Hollweck
by
5.4k points
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