elvie borrowed money from the bank 8% simple interest if she paid an interest of 480.00 after 1 year how much money did she borrow
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elvie borrowed money from the bank 8% simple interest if she paid an interest of 480.00 after 1 year how much money did she borrow
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Answer:
6,480.00
Step-by-step explanation:
6000 x 8% = 480
6000 + 8% interest which is 480= 6,480.00
if the 8% interest is for annual