Asked by Anonymous
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method to find the amount of principal borrowed. Round to the nearest whole dollar amount
Answers
Answered by
Ms. Sue
I = PRT
36.5 = P * 0.06 * 0.4
Solve for P
36.5 = P * 0.06 * 0.4
Solve for P
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