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harkovskaia [24]
3 years ago
15

Money is borrowed at 15% simple interest. After one year,$1181.05 pays off the loan. How much was originally borrowed?

Mathematics
1 answer:
marin [14]3 years ago
5 0

Answer: $787 was originally borrowed.

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount taken as loan

R represents interest rate

T represents the duration of the loan in years.

From the information given,

Total amount = $1181.05

Interest = total amount - principal

I = 1181.05 - P

R = 15%

T = 1 year

Therefore,

1181.05 - P

Therefore,

1181.05 - P = (P × 15 × 1)/100

1181.05 - P = 0.15P

P + 0.15P = 1181.0

1.5P = 1181.05

P = 1181.05/1.5

P = $787

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Answer:

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Step-by-step explanation:

We know that we cannot graph imaginary numbers. Therefore, our <em>x </em>value has to be greater than or equal to 0:

To find our domain, we need to set the square root equal to zero:

√(4x + 2) = 0

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For the circle with equation (x-2)^2+(y+3)^2=9, answer each question. a) whats coords of the center? b) what are the radius and
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Answer:

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Step-by-step explanation:

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We have:

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3 years ago
A one-year membership to a gym costs $725. The registration fee is $125, and the remaining amount is paid monthly. Define a vari
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Given :

A one-year membership to a gym costs $725.

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