The total interest on a discounted loan is $40. If Bob received $480 into his bank account on drawdown, what is P0, the loan pri

Question

3 years ago

6

ncipal? Give your answer in dollars to the nearest dollar. Do not include the dollar symbol or commas in your answer.

1 answer:

Elza [17] · Answer 1 · 2021-12-17T15:42:23+03:00

Elza [17]3 years ago

4 0

Answer:

440

Step-by-step explanation:

Principal+ Interest= Total amount received

Total amount= $480

Interest= $40

Principal=$480-$40=$440

Therefore, principal=440