Question: The interest owed on a loan after five months was $292.50. If the simple interest rate charged on the loan was 0.9% per month, what

The interest owed on a loan after five months was $292.50. If the simple interest rate charged on the loan was 0.9% per month, what was the amount borrowed?

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The interest owed on a loan after five months was $292.50. If the simple interest rate charged on the loan was 0.9% per month, what was the amount borrowed?

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