If you take out a $1,000 loan for college at 7% interest, what is the principal?
2 answers:
Answer:
$1000.
Step-by-step explanation:
We have been given that you you take out a $1,000 loan for college at 7% interest. We are supposed to determine the principal amount.
Since we know that principal amount is the amount of borrowed money excluding the interest.
As you have borrowed an amount of $1000 as loan for college, therefore, principal amount is $1000.
The principal is the loan amount, $1,000
You might be interested in
Answer:
6/17
Step-by-step explanation:
The probability of chosing a red marble is 6/17 because in total there are 11+6=17 marbles and 6 red marbles. If you combine thos together you get 6/17
21 V³ 15- 9V³15
= (21-9)V³15
= 12V³15
Answer:
See below ~
Step-by-step explanation:
<u>Details of the graph of the quadratic equation</u>
Minimum value = <u>-1 </u> Domain : <u>all real numbers </u> Range : <u>y ≥ -1 </u>
The Hebrews were the only civilization who believed one God.
