On May 15, Marin Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $450. (a) Determine the amount borrowed by Marin. (Round intermediate calculations to 6 decimal places, e.g. 1.251241 and final answer to 0 decimal places, e.g. 125.) Amount borrowed by Marin $

On May 15, Marin Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount of interest owed was $450. (a) Determine the amount borrowed by Marin. (Round intermediate calculations to 6 decimal places, eg. 1.251241 and final answer to 0 decimal ploces, es. 125.) Amount borrowed by Marin