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OpenStudy (4meisu):
Money is borrowed at 11% simple interest. After 1 year, $721.50 pays off the loan. How much was borrowed originally? What would be the algebraic equation and the answer to this?
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OpenStudy (sriram):
1.11x=721 x=721/1.11
OpenStudy (sriram):
x=656
OpenStudy (sriram):
approx
OpenStudy (anonymous):
The answer is 65.6.....or 656 idk which one
OpenStudy (4meisu):
thanks!
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OpenStudy (anonymous):
Sorry that I counldnt be more help :(
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