Question

Tamisha borrowed money from her father at 5% simple interest to help pay for her tuition. At the end of 1 year, she owed $1365 in principal and interest. How much did she borrow?

Answer 1

@Kainui @nincompoop @zepdrix

Answer 2

Here Rate of Interest , R = 5%
Time, n = 1 year
Total Amount, A = 1365

Let Principal amount borrowed be P.



Find P.