Register

PLEAS HELP Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much di…

PLEAS HELP Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much di…
asked 188k views
5 votes
PLEAS HELP

Damon borrowed money from his grandmother 3 years ago and agreed to pay her 4% simple annual interest. At the end of 3 years, he owes her $24 in interest. How much did Damon originally borrow?

asked
User MrAsterisco
by
8.2k points

2 Answers

4 votes

Answer:

200

Explanation:

answered
User Joyell
by
8.9k points
7 votes

Answer:

$200

Explanation:

200×4%=8

8×3=24

The original amount is $200

answered
User Grzegorz Gajos
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!