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
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

You might be interested in
Pls help pls pls pls.In a class of 50 students, 3/5 of the students study Maths, 3/10 of the students study English and rest stu
Zina [86]

Answer:

Step-by-step explanation:

No of students study math = 3/5 of 50 = 30

No of students study English = 3/10 of 50 = 15

Total = 30 + 15 = 45

Remaining students = 5

No of students study geography = 5

Fraction of geography to whole class = 5/45 = 9

3 0
3 years ago
The function f(x) = x3 – 7x + bis shown in the figure.<br> 15+
Anna007 [38]

Answer:

The correct answer is

(x + 2) (x + 1) (x - 3)

Step-by-step explanation:

4 0
3 years ago
Suzanne made 2 gallons of punch to be divided equally among 10 people. How much punch did each person get
alexdok [17]
10 divided by 2= 5 Each person will get 5 punch
5 0
3 years ago
Read 2 more answers
G(t) = 3t + 4; Find g(−3)
Bess [88]
G(-3)= 3(-3)+4

g(-3) = -5
7 0
3 years ago
Gabriella and her children went into a grocery store and where they sell apples for $1 each and mangos for $0.50 each. Gabriella
Dafna1 [17]

Answer:

Step-by-step explanation:

Let x represent the number of apples that she wants to buy.

The grocery store sells apples for $1 each and mangos for $0.50 each.

If Gabriella decided to buy 13 mangos, it means that the cost of buying x apples and 13 mangoes is expressed as

x + 13 × 0.5 = x + 6.5

If she buy at least 19 apples, it means that

x + 13 ≥ 19

x ≥ 19 - 13

x ≥ 6

Gabriella has $15 to spend. It means that

x + 6.5 ≤ 15

x ≤ 15 - 6.5

x ≤ 8.5

Therefore, the maximum number of apples that she can buy is 8

5 0
3 years ago
Other questions:
  • A pharmaceutical saleswoman earns a base pay of $42,500 per year and a commission of 13% of all sales made. If she sold $39,800
    15·1 answer
  • Graph f(x)= -(x-2)²+4<img src="https://tex.z-dn.net/?f=" id="TexFormula1" title="" alt="" align="absmiddle" class="latex-formula
    15·1 answer
  • Simplify each expression as much as possible, and rationalize denominators when applicable. √(17/25)=?
    8·1 answer
  • We want to find the maximum and minimum values of f(x, y) = 10x2 + 11y on the disk D: x2 + y2 &lt; 1.
    6·1 answer
  • Select the two statements that are true about the equation −10=60(−40)
    7·2 answers
  • Looking for 45/20 in fractions
    12·2 answers
  • A baseball player got 102 hits in the last 300 times at bat. Explain how you would find the percent of times at bat.​
    9·2 answers
  • Solve the system of equations and choose the correct answer from the list of options.
    6·2 answers
  • $90 is what percent of $100?<br><br> I need help.
    9·1 answer
  • Can someone help this for me?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!