SOLUTION: money is borrowed at 11% simple interest. after 1 year, $721.50 pays off the loan. how much was the borrowed originally?

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Question 349965: money is borrowed at 11% simple interest. after 1 year, $721.50 pays off the loan. how much was the borrowed originally?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
721.50/1.11=$650