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Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon ori…

Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon ori…
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3 votes
Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon originally borrow?

asked
User Tomasantunes
by
7.9k points

2 Answers

1 vote

Answer:

200

Explanation:

just did the lesson

answered
User Tamil Selvan C
by
8.8k points
1 vote

Answer:

200

Explanation:

200×4%=8

8×3=24

The original amount is $200

answered
User Ammouna
by
8.6k points
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