Question 1145189
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<pre>
Let x be the originally borrowed amount.


Then you have this equation for the amount after 1 year


    x + 0.11x = 1292.04  dollars,   or


    x*(1 + 0.11) = 1292.04 dollars


    1.11x        = 1292.04


       x         = {{{1292.04/1.11}}}.


At this point, use your calculator/computer to find x and to get the answer.
</pre>

Solved.


<U>Notice</U>.  &nbsp;&nbsp;In this solution, &nbsp;0.11 represents 11%.



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On this subject, &nbsp;see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

in this site.