Stingy Credit serves only low-risk cus- tomers and charges a 6% interest rate. If
one of Stingy's customers has to pay the
company $3,000 in interest a year, how
much money did the customer borrow?

answer: kljdcdhjbdlchjad oac apoich a

step-by-step explanation:

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

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