If you take out a $5,000.00 loan with 10% interest how much do you pay
1 answer:
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Answer:
Each person will earn $16.
Step-by-step explanation:
Given that:
Amount of loss faced by the company = $144
Number of people who would share the amount = 9
Let,
x be the share of each person.
Number of people * Share per person = Total loss
9x = 144
Dividing both sides by 9
x = $16
Hence,
Each person will earn $16.
