document.write( "Question 1182279: Money is borrowed at 16% simple interest. After one year, $1131.00 pays off the loan. How much was originally borrowed?
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Algebra.Com's Answer #812253 by mananth(16949) You can put this solution on YOUR website! \r \n" ); document.write( "\n" ); document.write( "Money is borrowed at 16% simple interest.\r \n" ); document.write( "\n" ); document.write( "16%\r \n" ); document.write( "\n" ); document.write( "116 pays off for $100 \n" ); document.write( "$ 1131.00 pays off for $ x\r \n" ); document.write( "\n" ); document.write( "x= 1131*100/116\r \n" ); document.write( "\n" ); document.write( "$ 975 was the loan\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |