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Shen took out a loan for 225 days and was charged simple interest at an annual rate of 7.3%. The total interest he paid on the loan was $117. How much money did Shen borrow?

Shen took out a loan for 225 days and was charged simple interest at an annual rate of 7.3%. The total interest he paid on the loan was $117. How much money did Shen borrow?
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Shen took out a loan for 225 days and was charged simple interest at an annual rate of 7.3%. The total interest he paid on the loan was $117. How much money did Shen borrow?

asked
User Petur
by
7.8k points

1 Answer

4 votes

Answer:

$2600

Explanation:

answered
User Dax Fohl
by
8.7k points
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