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2 June, 11:18

Elsa took out a 2-year loan to buy a car at 6% simple interest rate if she had to pay264 in interest how much principal did she borrow

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  1. 2 June, 12:07
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    I = p * r * t

    264 = p *.06 * 2

    264 =.12p

    Divide both sides by. 12

    p = $2200
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