Suppose that a loan of $2500 is given at an interest rate of 19% compounded each year.
1 answer:
You might be interested in
Let the total ribbon Zoe had was x feet.
Out of x feet, she used 3/8 part of it.
Hence,
3/8 part of the original ribbon is equal to 9 feet.
Hence, we get
=> Multiply 8 on both sides.
Divide both sides by 3
Zoe had 24 feet of ribbon in starting... Answer