document.write( "Question 1122143: A loan is charged simple interest at an annual rate of 9.1%. The loan was repaid at the end of 8 months with a check for $896.56. What was the original amount that was borrowed? \n" ); document.write( "

Algebra.Com's Answer #738226 by Alex.33(110) $\"\"$ $\"About$

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original amount=x. It's simple interest so the interest in any same duration is the same. That's why we can come to
\n" ); document.write( "x*(1+0.091*(8/12))=896.56
\n" ); document.write( "x=845.28.(approximately) \n" ); document.write( "

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