kennethbest21 kennethbest21

04-11-2017
Mathematics

contestada

Elsa took out a 2-year loan to buy a car at a 6% simple interest rate.
If she has to pay $264 in interest, how much principal did she borrow?

Respuesta :

cohvenant cohvenant

04-11-2017

I = p*r*t
264=p*.06*2
Divide both sides by .12
P=$2200

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