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QueenNerdy889
22.05.2021 •
Mathematics
You just finished paying your car off and you noticed that you paid a total of $6,900 in
Interest for 6 years and at a Interest rate of 5%. Knowing all this what was the original
amount you borrowed? (be sure to include cents. Example if you got $34 dollars as an
answer you need to type in $34.00)
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Ответ:
$23000
Step-by-step explanation:
The formula for interest will be:
Interest = Principal × Rate × Time
We'll then slot in the values given and this will be:
6900 = Principal × 5% × 6
6900 = Principal × 0.05 × 6
6900 = Principal × 0.3
Principal = 6900/0.3
Principal = 23000
The amount borrowed is $23000
Ответ: