Lars was charged 10.5% interest and paid $475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)

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The Answer of Lars was charged 10.5% interest and paid $475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)

Lars Was Charged 10