Question 917164
A = P(1+r*t)


721.50 = P(1+0.11*1) ... Plug in A = 721.50, r = 0.11 and t = 1


721.50 = P(1+0.11)


721.50 = P(1.11)


721.50/1.11 = P


650 = P


P = 650



<font color="red">$650</font> was borrowed originally.



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Thanks,


Jim