3 years ago

Please answer this question.

Mathematics

1 answer:

Nana76 [90]3 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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