The amount borrowed is 2795
What is Principal?
Principal is the amount loaned or invested in a bank or a financial institution that gives a certain interest on a specific rate over a period of time.
Analysis:
P = principal = unknown
R = rate = 9.25%
T = time = 3.5 years
I = interest = 904.88
simple interest(I) = PRT/100
P = 100I/RT
P = 100 x 904.88/3.5 x 9.25 = 2795
In conclusion, the amount borrowed is 2795.
Learn more about simple interest: brainly.com/question/20690803
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