Raina 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

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Raina 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 Raina borrow?
Do not round any intermediate computations. If necessary, refer to the 

list of financial formulas

.

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