coryhenry97 coryhenry97

18-09-2021
Mathematics

contestada

Money is borrowed at 10% simple interest. After one year, $918.50 pays off the loan. How much was originally borrowed

Respuesta :

ichigokurosaki69 ichigokurosaki69

18-09-2021

Answer:

$858.4

Step-by-step explanation:

Use simple interest formula A= P(1+rt)

We know t is 1 year

A is unknown P is 918 and r is 0.07

A= P (1+0.07)

918.5= P * 1.07

918.5/1.07=P

$858.4=P is the amount borrowed

Answer Link

Otras preguntas

Why were Japanese Americans placed in internment camps during World War II? as a result of anti-Japanese prejudice and fear in retaliation for Americans put in

Over the past few thousand years, humans have helped to bring about changes in many plant and animal species in order to make them more useful. Examples

Why would Congress not ratify the SALT II treaty? A. Russia reneged on its part of the treaty. B. The Iranian Revolution stopped the treaty. C. Russian combat t

The basic idea of this book is simple: to tell the story of the Crusades as they were seen, lived, and recorded on ‘the other side’—in other words, in the

Expand each logarithm Log (6*11)

Why was terror an important weapon for Genghis Khan?

How do i solve and graph [tex]5x- y \geq 5[/tex]

What is the numerical equivalent of setenta y seis?

two ways in which religion shapes public opinion on domestic policy issues.

Ellie is painting the ceiling of a circular gazebo. The diameter is 13.5 meters. How much are will the paint need to cover?