OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Exercise 33 · Algebra · Algebra word problems

Solve Simple Interest Applications · Exercise 33

Solve the problem using the simple interest formula.

Joshua's computer loan statement said he would pay $\$ \text{1},\text{244}.\text{34} $inin t er es t f or a$ 3 $y e a r l o ana t$ \text{12}.\text{4}\%.$ How much did Joshua borrow to buy the computer?

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Exercise 33

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