document.write( "Question 757376: A guy borrowed some money for 2 years at 6% simple interest. If he had to pay back $3,640, how much did he borrow? \n" ); document.write( "
Algebra.Com's Answer #460768 by LearnWithMajor(33)\"\" \"About 
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Well the guy borrowed an amount x. He had to pay back an extra 6% for each year. 2 years means he had to pay back an extra 12% over the amount he borrowed. So he had to pay 112% of the amount he borrowed. To find the percentage of x we multiply x by the percentage in decimal or fraction form.\r
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\n" ); document.write( "\n" ); document.write( "112% of x = 3640 \r
\n" ); document.write( "\n" ); document.write( "\"1.12x+=+3640\" Solve for x by dividing both sides by 1.12\r
\n" ); document.write( "\n" ); document.write( "\"x+=+3250\"
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