Answers

2014-01-13T01:56:36+08:00
Given:
Interest= 1200
Rate= 8% = .08
time= 18 months

 Use the formula : I= PRT
 P= I/RT
P = 1200 / [.08x18)]
P= 1200 / 1.44
P = 833.33

Uncle Max borrowed 833.33


:))
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