Eighty days after borrowing money, a person pays back exactly $850. How much was borrowed if the

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Eighty days after borrowing money, a person pays back exactly $850. How much was borrowed if the $850 payment includes principal and simple interest at 9.75%? (Assume 360 days in a year)

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Apr 18, 2024 10:15 AM

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Eighty days after borrowing money, a person pays back exactly $850. How much was borrowed if the

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To solve this problem we need to find the amount borrowed using the si... View the full answer

Business Mathematics In Canada

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