1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harlamova29_29 [7]
2 years ago
10

Hans borrowed money from a credit union for 4 years and was charged simple interest at an annual rate of 6%. The total interest

that he paid was $1920. How much money did he borrow?
Mathematics
1 answer:
Gnesinka [82]2 years ago
7 0

Answer:

Hans initially borrowed $1499.04

Step-by-step explanation:

Information:

Borrowed for 4 years

Interest rate of 6%

Final amount: $1920

--------------------------------------

1. Find 6% less of 1920.

This would be the same as multiplying a number by 0.94

So: 1920 * 0.94 = 1804.8

Then repeat this 3 more times:

1804.8 * 0.94 = 1696.51   <(Because money is only shown in cents, we round to the nearest 100's place for decimals.)

1696.51 * 0.94 = 1594.72

Then finally,

1594.72 * 0.94 = 1499.04

This means that the initial cash amount Hans borrowed was $1499.04

You might be interested in
What is the absolute value of 4+7i is equal to the square root of ______
nexus9112 [7]
The answer too your question is 65 it is equal to the square root of 65
4 0
3 years ago
Read 2 more answers
What is the solution to 2/3a - 1/6 = 1/3
konstantin123 [22]
The solution would be: a = 3/4
4 0
3 years ago
Read 2 more answers
WHAT IS THE MEAN DEVIATION MAD OF THE DATA SET? { 2, 5, 6, 12, 15}
Gelneren [198K]

Answer:

28

Step-by-step explanation:

Add them and then divide by the number of numbers given

3 0
3 years ago
I am stuck on these two, please help if you can. thank you :)
Sever21 [200]

Answer:

23) x= \frac{27}{8}

24) x= 8\sqrt{3}

Step-by-step explanation:

3 0
2 years ago
What is a unit of area with dimensions 1 unit times 1 unit
ycow [4]
1 \text{ u} \cdot 1 \text{ u}=1 \text{ u}^2
5 0
3 years ago
Other questions:
  • Suppose the number of children in a household has a binomial distribution with parameters n=12n=12 and p=50p=50%. Find the proba
    10·1 answer
  • Please help I don't know am I am in the middle of doing this
    6·1 answer
  • Simply:<br> 6(x+2)+3(x-9)
    13·2 answers
  • Write 8% fraction and as a decimal
    9·1 answer
  • Is y=20(0.5)^x exponential decay or exponential growth
    14·1 answer
  • Which sequence can be generated from the formula f(x + 1) = One-half(f(x))?
    7·1 answer
  • Where n=6 equals, 6 is a solution.
    8·2 answers
  • Question 6<br> Which is the graph of y=-x-3?<br> Graph B<br> Graph C<br> Graph A
    5·1 answer
  • 1) Find the distance between the points (−3, 9) and (−3, −5). A) 4 B) 6 C) 12 D) 14
    13·1 answer
  • Listed below are amounts of court income and salaries paid to the town justices. All amounts are in thousands of dollars. Constr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!