On 2 May 2000, a man borrowed a sum of money from a bank at 6.5% p.a. simple interest and on 2 September 2000, the interest amounted to $137.50. Calculate the amount of money he borrowed.

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01-12-2022
Mathematics

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On 2 May 2000, a man borrowed a sum of money from a bank at 6.5% p.a. simple interest and on 2 September 2000, the interest amounted to $137.50. Calculate the amount of money he borrowed.

Sagot :

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