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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 interest, how much principal did she borrow? Enter your answer in the box.

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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 in...

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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 interest, how much principal did she borrow? Enter your answer in the box. $

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Another question on Mathematics

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 principal did she borrow? Enter your answer in the box.

$