Answered

IDNLearn.com: Your reliable source for finding expert answers. Join our Q&A platform to receive prompt and accurate responses from knowledgeable professionals in various fields.

Donna took out a loan for 11 months and was charged simple interest at an annual rate of 2.4%.
The total interest she paid on the loan was $143.
How much money did Donna borrow?

Sagot :

Vidhuhariidn

143 = x × 0.024 × (11/12)

143 = x × 0.022

143/0.022 = x

6500 = x

Donna borrowed $6500

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.