*BRAINLIEST*... James took out a loan at a rate of 8.5% for 6 months. He had to pay back $1,876.50. How much did he borrow?

1.       James took out a loan at a rate of 85% for siz months.

Then he had to pay back 1 876.50 dollars in six months.

Let’s find out how much did James originally borrowed before it has an interest rate:

=> 1 876.50 dollars is the amount he paid with 8.5% interest already.

=> 8.5% / 100 = .085

Now, let’s multiply

=> 1 876.50 * .085 = 159.5025

we now have the value of 159.5025, Now subtract,

=> 1 876.50 – 159.5025 = 1716.9975 or approximately 1717 dollars.

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