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Mathematics 14 Online
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?

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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