or-6-years-at-an-annual-rate-of-6-what-was-the-principal-borrowed-show-your-work

Question

If $$540\540 in $$simple interest is earned over 66 years at an annual rate of 6%6\%, what was the principal amount borrowed?

Accepted Answer

$$1,500\1$$,500

Answer

$$900\900 $$

Answer

$$500\500 $$

Answer

$$10,800\10$$,800

If $540\$540 in simple interest is earned over 66 years at an annual rate of 6%6\%, what was the principal amount borrowed?