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Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1920. How much money did he bor…

Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1920. How much money did he bor…
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Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest that he paid was $1920. How much money did he borrow?

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User Mike Caron
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1 Answer

5 votes

Answer:

$8000

Explanation:

Hope the picture will help you.....

Hans borrowed money from a credit union for 4 years and was charged simple interest-example-1
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User Scott Alan Miller
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