Answered

uncle max borrowed money from a friend at 8 percent simple interest, he paid an interest of 1200 after 18 months, how much did he borrow?

Sagot :

Manelviz
Given:
Interest= 1200
Rate= 8% = .08
time= 18 months

 Use the formula : I= PRT
 P= I/RT
P = 1200 / [.08x18)]
P= 1200 / 1.44
P = 833.33

Uncle Max borrowed 833.33


:))