Mathematics, 22.09.2021 04:10 tytianadyson74

Maya took out a loan for 1 month and was charged simple interest at an annual rate of 9.6%. The total Interest she paid on the loan was $112.
How much money did Maya borrow?
Do not round any intermediate computations. If necessary, refer to the list of financial formulas.

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Maya took out a loan for 1 month and was charged simple interest at an annual rate of 9.6%. The total Interest she paid on the loan was $112. How much money did Maya borrow? Do not round any intermediate computations. If necessary, refer to the list of financial formulas.

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Another question on Mathematics

Maya took out a loan for 1 month and was charged simple interest at an annual rate of 9.6%. The total Interest she paid on the loan was $112.
How much money did Maya borrow?
Do not round any intermediate computations. If necessary, refer to the list of financial formulas.