Mathematics, 18.04.2021 03:00, rashawng2005

Elsa took out a 2-year loan to buy a car at a 6% simple interest rate. If she has to pay $264 in interest; How much interest did she pay each 1 year?

How much principal did she borrow?

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Elsa took out a 2-year loan to buy a car at a 6% simple interest rate. If she has to pay $264 in int...