Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How much did you originally borrow?
Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How much did you originally borrow?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Question
Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How much did you originally borrow?
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