math
posted by CC .
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 
Ms. Sue
I = prt
720 = p * 7.5 * 0.16
720 = 1.2p
720/1.2 = p
600 = p
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