James paid off the loan on his motorboat in the year 2006. he originally borrowed $6,500 to buy the boat, but with simple annual interest, he discovered that he paid a total of $8,775 over the life of the loan. if james annual interest rate was 7%, in what year did his loan begin?

Find Interest by 8775-6500 then Use the formula I=PRT divided by 100 to find the time(T) subtract these years/time from 2006 and u will get the answer.Regards :)

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.