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eduardomaldonado
eduardomaldonado eduardomaldonado
  • 06-05-2016
  • Mathematics
Answered

Victor borrowed money at 5.25 percent simple annual interest. At the end of the year, the interest on the loan is $255.94. What was the amount of the loan?

Verified Answer :

trinty425 trinty425
  • 09-04-2019

Answer:

Step-by-step explanation:

The answer is $4,875.05.

4,875.05 multiplied by 0.0525 is $255.94

Answer Link
beattietracey beattietracey
  • 30-01-2020

Answer:

The answer is $4,875.05.

Step-by-step explanation:

Answer Link

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