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rebalgirl44
rebalgirl44 rebalgirl44
  • 29-01-2017
  • Mathematics
Answered

Money is borrowed at 12

​%

simple interest. After one​ year, ​$1023.68


pays off the loan. How much was originally​ borrowed?

Verified Answer :

anthonysilby1
anthonysilby1 anthonysilby1
  • 29-01-2017

Because 1023.68 is 112% of the loan, you can divide by 1.12 to get 914, which is the answer

Answer Link
Anonymous Anonymous
  • 30-01-2017

1023.68 is 112% is the equation

Answer Link

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