Jimmy takes gets a student loan to go to college after high school. If he pays $9,000 in interest at a rate of 3% for 4 years, w
hat is the principal amount borrowed?
1 answer:
Answer:Principal=$7,500,000
Step-by-step explanation:
Interest =(Principal X Rate X time ) / 100
Given
Interest =$9,000
rate = 3%
Time= 4 years
Principal=(Interest X 100) / rate X time
Principal,=(9000x 100)/3% x 4
Principal=$7,500,000
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Bolded is the answer.
Pythagorean Theorum since that is what you are trying to prove.
