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OpenStudy (anonymous):
@Love_Ranaa Leo paid $2400 in interest on an amount borrowed for 10 years at a 4% annual simple interest rate. How much did Leo borrow?
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sammixboo (sammixboo):
Interest = principle * rate * time
sammixboo (sammixboo):
=) use that formula
OpenStudy (anonymous):
960?
OpenStudy (love_ranaa):
$6,000
OpenStudy (anonymous):
never will i listen to my cousin
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OpenStudy (love_ranaa):
$6,000 x 0.04 x 10 = $2400
OpenStudy (anonymous):
THANKS
OpenStudy (love_ranaa):
No problem :)
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