Hamilton Schofield
10/02/2023 · Junior High School
Donna took out a loan for 11 months and was charged simple interest at an annual rate of \( 2.4 \% \). The total interest she paid on the loan was \( \$ 143 \). How much money did Donna borrow? Do not round any intermediate computations. If necessary, refer to the list of financial formulas.
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The principal amount that Donna borrowed is $6500.
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