SOLUTION: Clare borrowed money from her parents at 6.1% simple interest to help pay her tuition. At the end of 1 year, she owed a total of %2035.00 in principal and interest. How much did sh

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Clare borrowed money from her parents at 6.1% simple interest to help pay her tuition. At the end of 1 year, she owed a total of %2035.00 in principal and interest. How much did sh      Log On

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Question 657643: Clare borrowed money from her parents at 6.1% simple interest to help pay her tuition. At the end of 1 year, she owed a total of %2035.00 in principal and interest. How much did she borrow?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
2035/1.061=$1918.00