h3ll0kittyz h3ll0kittyz

09-12-2020
Mathematics

contestada

sam was charged $1050 in interest on a loan with a 2.5% interest rate. what was the original amount of the loan if he took 5 years to pay it back?

Respuesta :

begumnafisa098 begumnafisa098

02-01-2021

Answer:

$918.75

Step-by-step explanation:

2.5 ÷ 100 = 0.025 × 1050 = 26.25

26.25 × 5 = 131.25

1050 - 131.25 = 918.75

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