naocarolina6
07.04.2021 •
Mathematics
Angela purchased a car using a simple interest loan. The loan had an interest rate of 5% and was for three years. Angela paid $450 in interest. The principal amount of the loan was for $
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Ответ:
$3000
Step-by-step explanation:
Given data
Rate=5%
Time=3 years
Simple interest= $450
We know that the expression for simple interest is
SI=PRT/100
Substitute
450=P*5*3/100
cross multiply
P*15= 45000
Divide both sides by 15
P= 45000/15
P=$3000
Hence the principal amount is $3000
Ответ:
The answer is C. 5⁴.