Asked by peter madison
A bank charge 7.5% simple interest per year.Susie takes out a loan from this bank for 3 years.she pays a total of 1867.50 interest per year,how much she borrowed?
Answers
Answered by
Ms. Sue
I = PRT
1867.5 = P * 0.075 * 3
1867.5 = P * 0.075 * 3
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