Victor borrowed money at 5.25 percent simple annual interest. At the end of the year, the interest on the loan $255.94. What was the amount of the loan?

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sailorkenny7 sailorkenny7

Today at 2:41 AM
Mathematics

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Victor borrowed money at 5.25 percent simple annual interest. At the end of the year, the interest on the loan $255.94. What was the amount of the loan?

Answer :

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NinjaNoir NinjaNoir · Answer 1 · 2025-03-30T02:46:32-04:00

NinjaNoir NinjaNoir

Today at 2:46 AM

Answer:

$243.17

Step-by-step explanation:

X+(X*5.25/100)=255.94

Make x the subject

X=243.17

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