Mathematics, 06.10.2019 14:00 olly09

James paid off the loan on his motorboat in the year 2006. he originally borrowed $6,500 to buy the boat, but with simple annual interest, he discovered that he paid a total of $8,775 over the life of the loan. if james annual interest rate was 7%, in what year did his loan begin?

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James paid off the loan on his motorboat in the year 2006. he originally borrowed $6,500 to buy the...