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Varvara68 [4.7K]
3 years ago
14

I don't understand this can someone help?

Mathematics
1 answer:
pickupchik [31]3 years ago
8 0

Answer:

B

Step-by-step explanation:

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Money is borrowed at 14% simple interest. After one year, $1249.44 pays off the loan. How much was originally borrowed? I got $1
WITCHER [35]
The formula is
A=p (1+rt)
A future value 1249.22
P present value ?
R interest rate 0.14
T time 1 year
We need to solve for p
P=A÷(1+rt)
P=1,249.22÷(1+0.14×1)
P=1,095.81 round your answer
P=1096

Hope it helps
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(a+a+a+a) / 5

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