Problema Solution
money is borrowed at 7% simple interest after one year $833.53 pays off the loan how much was originally borrowed?
Answer provided by our tutors
P(1+7%)=833.53
So, P=$779
money is borrowed at 7% simple interest after one year $833.53 pays off the loan how much was originally borrowed?
P(1+7%)=833.53
So, P=$779