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Rama09 [41]
3 years ago
10

Charley Bateman obtained a loan of $2,400 to install a solar panel on his roof. The interest rate is 12% and the monthly payment

is $113.04. How much of the first monthly payment covered principal?(Hint: Subtract the interest from the monthly payment. To find the interest, you can use the formula I = PRT and mental math.)
Mathematics
1 answer:
marin [14]3 years ago
3 0
I think the principal is 2,377.18. Principal is what you wanted correct?
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Hello there!

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