Jackson Was Charged 11% Interest and Paid $189 Interest on a Simple

question 68

Short Answer

Jackson was charged 11% interest and paid $189 interest on a simple interest loan for 3 months from his credit union. How much did he borrow? Use ordinary interest. (Round to the nearest cent)

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Definitions:

Aneurysms

Bulges or ballooning in the wall of an artery that can grow large and rupture, posing a serious risk.

Dance

A form of artistic expression and communication through purposefully selected sequences of human movement.

Neurofibrillary Tangles

Twisted fibers that build up inside nerve cells, associated with various neurodegenerative diseases, including Alzheimer's disease.