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OpenStudy (anonymous):
Trying to help a friends, but I don't know the answer. Question: A bank gives you a simple interest loan at a rate of 5.5%. After 3 years, you have paid the entire principal plus $41.91 in interest. What was the original principal amount of your loan?
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OpenStudy (ryan123345):
\[I=PRT\]
OpenStudy (ryan123345):
ill help
OpenStudy (ryan123345):
41.91(R)(T)=P
OpenStudy (ryan123345):
41.91 X 5.5 X 3 = P
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