The owner of a sporting goods store had $15,000 cash that he could apply toward the cost of expanding his store. He needed to borrow the rest of the cost at 8% simple interest for 1 year. If his total cash outlay at the end of the year was $36,600, what was the amount of his loan?

Question

anonymous · Answer

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anonymous · Answer

not being rude but that doesnt answer her question she needs help with a problem not that lol

anonymous · Answer

^ exactly, thanks.

anonymous · Answer

np lol im doing the work so one second k xD

anonymous · Answer

thank you

anonymous · Answer

would it be 4,128

anonymous · Answer

this one has me stummped lol

anonymous · Answer

no, that's not right. the answer is 20,000 i just dont know how?

anonymous · Answer

hmm yea i did that one wrong

lol my bad