Asked by Stephanie Lintow

Legitimate Financial Services made a loan at 9.75% interest for 254 days. If the amount of interest was $270.50, use the exact interest method to find the amount of principal borrowed. (Round to the nearest whole dollar amount)
Group of answer choices
Answered by henry2,
I = Po*r*T = 270.50
Po*0.0975*(254/365) = 270.50.
Po =

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