adriansantiago0276 adriansantiago0276

08-04-2021
Mathematics

contestada

Mike borrowed some money for 2 years at 8% simple interest. If he had to pay back a total of $4060 how much did he borrow, how much did he originally borrow?

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miraclemcknight48 miraclemcknight48

09-04-2021

Answer:P = $ 25,375.00

Step-by-step explanation:

P = 4060 / ( 0.08 × 2 ) = 25375

P = $ 25,375.00

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