State Bank made a loan at 12% interest for 360 days. If the amount of interest was $935.40, use the ordinary interest method to find the amount of principal borrowed. (Round to the nearest whole...

Extracted text: State Bank made a loan at 12% interest for 360 days. If the amount of interest was $935.40, use the ordinary interest method to find the amount of principal borrowed. (Round to the nearest whole dollar.) O $7,693 O $7,795 O $8,851 O $9,714