Mathematics, 22.09.2021 05:10, neariah24

Jim took out a loan for 146 days and was charged simple interest at an annual rate of 12.5% The total interest he paid on the loan was $245.
How much money did Jim borrow?
Assume that there are 365 days in a year, and do not round any Intermediate computations.
If necessary, refer to the list of financial formulas.

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Jim took out a loan for 146 days and was charged simple interest at an annual rate of 12.5% The to...