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Borrowed some money for 4 years at a simple interest rate of 4.50% and charged interest of $4,500. How much did you initially borrow? Drag
Borrowed some money for 4 years at a simple interest rate of 4.50% and charged interest of $4,500. How much did you initially borrow? Drag the values into the formula. Year 1 Year 2 Year 3 Year 4 P = 4.5% $1,125 $1,125 $1,125 $1,125 r Principal Interest K Principal = Round your final answer to two decimal places
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