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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…
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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
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