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

find the rate of change for each situation .... a kitten grows from 5oz at birth to 3lb 5oz at six months..hint 1lb =16oz
What force is needed to accelerate a 1,000-kilogram car from a stop to 5 m/s/s?
-6x+y=39 how do i make this an ordered pair and 0 substitutes x and y
how do you write..... hello, my name is Lilly. I live in England and have a pet dog. i like to visit the animal shelter, and go to ice skating lessons. i also d
Solve the problem. Four accounting majors, two economics majors, and three marketing majors have interviewed for five different managerial positions with a larg
In football, 6 points are awarded for a touchdown, and 1 point is awarded for the extra kick afterwards. The tigers football team scored 20 points, 2 for extra
Room temperature is usually considered to be 25°C. What is that in kelvins?
why can we sometimes hear noises in the stomach during digestion??? guzz hust tell me short answer and do not copy frommmm any websiteplzzzzzzzzzzzzz
. If 200g of fat is used for 8 cakes, how much is used for 3 cakes?
what is the answee to factorise x2 -5x ?????