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Three years ago, Claire borrowed money from her father to pay for a class trip. She agreed to pay 6% simple annual interest on the loan. Now she owes him $90 in interest, plus t…

Three years ago, Claire borrowed money from her father to pay for a class trip. She agreed to pay 6% simple annual interest on the loan. Now she owes him $90 in interest, plus t…
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2 votes
Three years ago, Claire borrowed money from her father to pay for a class trip. She agreed to pay 6% simple annual interest on the loan. Now she owes him $90 in interest, plus the principal amount. How much did Claire borrow?

asked
User Jwinn
by
8.0k points

2 Answers

5 votes

Answer:

D 500

Its been 2 years since you asked this but I hope I can help!

answered
User Smartin
by
8.8k points
1 vote
Answer:

73.8

Step-by-step explanation:

Every year is an extra 6% interest, after 3 years this accumulates to 18%. 18% of 90 is 16.2 and 90 - 16.2 is 73.8

If this helps, you could help me by giving a thanks.
answered
User Vince
by
7.4k points
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