You borrow some amount of money at 8% for 1/2 year and owe $10,400. ...

70.2K

Verified Solution

Question

Finance

You borrow some amount of money at 8% for 1/2 year and owe $10,400.
What did you originally borrow?
round to the nearest PENNY even if zero(s), use a dollar sign, use comma as separator if needed
Example: $60,457.00, $3,894.01, $567.20

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students