Manuel took out a loan for 270 days and was charged simple interest at an annual rate

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Manuel took out a loan for 270 days and was charged simple interest at an annual rate of 14.6%. The total interest he paid on the loan was $378. How much money did Manuel borrow? Assume that there are 365 days in a year, and do not round any intermediate computations

Posted Date: May 16, 2024 03:09 PM

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Manuel took out a loan for 270 days and was charged simple interest at an annual rate

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