document.write( "Question 346091: if you borrowed money at 15% simple interet after paying it off in one year your finally payoff was $1199.45 what was the original amount borrowed? \n" ); document.write( "
Algebra.Com's Answer #247479 by mananth(16949) You can put this solution on YOUR website! Principal = p \n" ); document.write( "rate = 15% = 0.15 \n" ); document.write( "I = 1199.55 \n" ); document.write( ".... \n" ); document.write( "1199.45 = p*0.15*1 \n" ); document.write( "1199.45/0.15 = p \n" ); document.write( "p= 7,996.33 \n" ); document.write( " |