aishaburch aishaburch
  • 13-12-2015
  • Mathematics
contestada

At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan?

Respuesta :

Аноним Аноним
  • 13-12-2015
Principal is the same as original amount. 
1. You convert the rate % to a decimal number. (divide by 100) 

2. Substitute: 

P = 144 / (.04 x 2) 

3. Solve: 

P = 144 / .08 
P = 1,800 

4. Your answer is $1,800
Answer Link

Otras preguntas

What is the starting point of primary succession? tall trees, mature plants soil and small plants small plants and trees bare rock
What is the slope of (4,0) (-2,-3)
Leave your answer I’m exact form Can someone help pleaseeeee !!!!!
A sculpture that can be viewed from more than one side and that occupies space in the same way as other real-life objects is called a ________ sculpture.
if a soccer team made 11 penalty shots out of 100 what fraction and what percentage of penalty shots did the team miss ?
Find the value of f(2). y = f(x) y 10 8 6 4 15 2 -10 -8 -6 -4 -2 2 4 6 8 10 -2 -4 -6 -8 -10
Help me in a b and c pleaseeeeee
A bag of potatoes weighs about
French 8 please help me!
For a continuous probability distribution, 0 ≤ x ≤ 10. What is P(x = 7)?