The problem presented in the image asks for the amount of money borrowed on July 17, 2010, based on a final loan amount of $6,370.72 paid off on November 25, 2018, with a 2.9% interest rate compounded monthly.

Step-by-step solution:

1. Formula: The formula for compound interest is:

   $A = P \left(1 + \frac{r}{n}\right)^{nt}$

   Where:

   • $A$ is the final amount ($6,370.72).
   • $P$ is the principal amount (what we need to find).
   • $r$ is the annual interest rate (2.9% or 0.029).
   • $n$ is the number of times the interest is compounded per year (monthly, so $n = 12$).
   • $t$ is the time in years (from July 17, 2010, to November 25