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Eduardo paid $6,596.25 in interest at 7.5% over 5 years. He borrowed:
A$13,192
B$26,385
C$8,795
D$17,590
Answer & Solution
Correct answer: D. $17,590
1. Rate times time is 0.375.
2. Divide 6,596.25 by 0.375.
3. The principal was 17,590.
_Source: OpenStax Elementary Algebra 2e, Chapter 3, Solve Percent Applications (CC BY 4.0)._
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