Assume that all interest is simple interest.

To take advantage of a going$-$out$-$of$-$business sale, the College Corner Furniture Store had to borrow some money. It paid back a total of $$140,000$ on a $9$

$-$month loan at $12\%.$ Find the principal. Round to the nearest cent.

The principal for the loan is $$Assume that all interest is simple interest.

To take advantage of a going$-$out$-$of$-$business sale, the College Corner Furniture Store had to borrow some money. It paid back a total of $$140,000$ on a $9$

$-$month loan at $12\%.$ Find the principal. Round to the nearest cent.

The principal for the loan is $$