dburt1993 dburt1993

01-03-2021
Mathematics

contestada

If an interest rate of 5% results in interest of $50,
what is the principal amount of the loan?

Respuesta :

zaidb27 zaidb27

01-03-2021

X times 0.05 = $50
Solve for x

We do the inverse of times which is divide

$50 divide by 0.05 = $1000

Thus, $1000 is the amount of loan.

Answer Link

moduleislife33 moduleislife33

01-03-2021

Answer:

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