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NNADVOKAT [17]
2 years ago
9

Please answer this question.

Mathematics
1 answer:
Nana76 [90]2 years ago
7 0

Answer:

B) 14%

Step-by-step explanation:

principal = 220000

First two years 10% paid.

.10 x 220000 = 22000

220000-22000 = 198000

x = percent

x = \frac{New -Old}{Old}

x = \frac{170000-198000}{198000}

x = -.1414

Round to .14

14% is the difference in amounts.

The principal (198000) will need to be reduced 14% to equal 170000

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