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James borrowed money for school. He took out a loan that charges 6% simple interest. He will end up paying 720 in interest after 6 years. How much did James borrow for school

James borrowed money for school. He took out a loan that charges 6% simple interest. He will end up paying 720 in interest after 6 years. How much did James borrow for school
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James borrowed money for school. He took out a loan that charges 6% simple interest. He will end up paying 720 in interest after 6 years. How much did James borrow for school

asked
User Alexblae
by
8.8k points

1 Answer

3 votes
720 = P•0.06•6

720= 0.36 P

P=2000


Hence

James borrowed $ 2000 for school
answered
User Alex Trebek
by
7.7k points
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