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feyundre52
07.03.2020 •
Mathematics
Jaime's refrigerator loan statement said that he would pay $1,026 as interest after 4 years at an interest rate of 13.5%. How much did Jaime borrow to buy the refrigerator?
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Ответ:
$ 1900
Step-by-step explanation:
Starting from the equation of simple interest, which is defined as follows:
I = P * r * t
Being I the interest, P the value of the product, r the interest rate and t would be time.
We want to know the price of the product, therefore, solving the equation we have:
P = I / r * t
We know each other's values so we replace:
P = 1026 / (0.135 * 4)
P = $ 1900 was the value of the refrigerator Jaime bought.
Ответ: