dbenjamintheflash5
23.11.2020 •
Mathematics
Jack paid off his loan in 10 years. If the amount paid off was $172,598 and annual interest rate was 3.25% compounded monthly. what was the original amount borrowed. Round to whole dollar
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Ответ:
$228,692
Step-by-step explanation:
10 years so 3.25% was added 10 times
3.25(10) = 32.5
32.5 + 100 = 132.5
So Jack paid 132.5% of his loan.
x/172,598 = 132.5/100
172598(132.5) = 22,869,235
22,869,235/100 = 228,692.35
Round it to the nearest dollar and you get 228,692
Ответ:
To find this on your own, simply multiply 5 times 7. This is due to seven people being ahead of you, who will be swinging for 5 minutes each.
Be careful, these problems can try to trick you, remember that you a eighth in line, you do not have eight people ahead of you.