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OpenStudy (anonymous):
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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OpenStudy (anonymous):
@pooja195
pooja195 (pooja195):
Leo borrowed $6,000. Which means that he paid $240 every year in interest, times 10 years, makes $2400 in interest!
pooja195 (pooja195):
Rembember the formula and you will be good to go :)
OpenStudy (anonymous):
So answer is 2400??
pooja195 (pooja195):
No Leo borrowed $6,000
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OpenStudy (anonymous):
Oh okay thanks so much! :)
pooja195 (pooja195):
Your welcome :)
OpenStudy (anonymous):
Um
OpenStudy (anonymous):
I missed 2 questions :/
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