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a man borrowed some money at a 15% interest rate and paid back the debt after 3 years he paid back $900 in interest what was the original loan amount?

 Mar 8, 2016
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a man borrowed some money at a 15% interest rate and paid back the debt after 3 years he paid back $900 in interest what was the original loan amount?

 

$900/3 =$300 Interest paid per year.

$300/15% =$300 / .15 =$2,000 Original amount of loan.

 Mar 8, 2016

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