SOLUTION: A man paid the bank $4,080 at the end of 3 years. This was the amount borrowed plus 12% interest for 3 years. How much money had he borrowed?
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Question 38477: A man paid the bank $4,080 at the end of 3 years. This was the amount borrowed plus 12% interest for 3 years. How much money had he borrowed?
Answer by Paul(988) (Show Source): You can put this solution on YOUR website!
A=5847.98
Hence, he borrowed $5847.98
PAul.
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