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Miguel borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 8%. The total interest that he paid was 480 . How much money did he bo…

Miguel borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 8%. The total interest that he paid was 480 . How much money did he bo…
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8 votes
Miguel borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 8%. The total interest that he paid was 480 . How much money did he borrow?

asked
User Pking
by
7.4k points

2 Answers

7 votes
$3,000 is how much he borrowed
answered
User Oliveroneill
by
7.9k points
12 votes

Answer:

he borrowed $3000

answered
User KADEM Mohammed
by
7.7k points
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