3 years ago

Bill paid $800 simple interest on a 4% loan over 5 years for a new car. What was the original amount he borrowed.

Mathematics

1 answer:

Ede4ka [16]3 years ago

6 0

12months(5years)= 60months($800.00) =48,000•.04%

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$\bf \begin{array}{ccll}
hours&miles\\
\text{\textemdash\textemdash\textemdash}&\text{\textemdash\textemdash\textemdash}\\
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