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How much money did shen borrow

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Reference no: EM132602206

Shen took out a loan for 270 days and was charged simple interest at an annual rate of 14.6%. The total interest he paid on the loan was $378.

Question 1: How much money did Shen borrow?

Assume that there are 365 days in a year, and do not round any intermediate computations.

Reference no: EM132602206

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