math
posted by kara .
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5year loan at 16%. Find the principal.
Respond to this Question
Similar Questions

algebra
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5year loan at 16%. Find the principal. 
Math
Jared obtained a simple interest loan for 1200 at a credit union at an annual interest rate o f 5.5%. if Jared paid $1430 to repay the loan, for how many months, was the money borrowed ? 
mathfinance
Colin borrowed some money at 7.16%?a compounded quarterly. three years later. he paid $5000 toward the principal and the interest. after another two years, he paid another $5000. after another five years, he paid the remainder of the 
math
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5year loan at 16%. Find the principal. 
Math
To buy both a new car and a new house, Tina sought two loans totalling $319.531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid … 
Math
Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2½ years and the amount of interest was $1,320, how much did Katie borrow? 
math
Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2½ years and the amount of interest was $1,320, how much did Katie borrow? 
Math
Suppose you borrowed $25,000 for a car at an APR of 8%, which you are paying off with monthly payments of $510 for 5 years. a) What’s the loan principal? 
math
A store borrowed money to buy some furniture. The store paid back a total of $150,000 on a 6 month loan at 12%. Find the principal $150000 / (1+0.12*0.5) = $141509.43 
Math
To buy furniture for a new apartment Brian Jones borrowed $4000 at 13% simple interest for 10 months . How much interest will he pay ?