Register

Mr. Garcia paid $63.70 interest on a one-year loan which had a 7% simple interest rate. How much did he borrow?

Mr. Garcia paid $63.70 interest on a one-year loan which had a 7% simple interest rate. How much did he borrow?
asked 19.5k views
2 votes
Mr. Garcia paid $63.70 interest on a one-year loan which had a 7% simple interest rate. How much did he borrow?

asked
User Don Ho
by
7.5k points

1 Answer

3 votes

Answer:

$910

Explanation:

63.70÷7= 9.1 $/1%

9.1 × 100 = $910

answered
User Patrick Hollweck
by
8.9k 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 =
How do you estimate of 4 5/8 X 1/3
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!