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3 years ago

11

Solve. Write the fraction in simplest form.

1 answer:

Serhud [2]3 years ago

6 0

Answer:

Step-by-step explanation:

Equity loan amount = $24,000.

percentage paid off = 20%

Required

The amount paid off

The amount paid off = 20% of the loan amount

Amount paid off = 20/100 * 24000

Amount paid off = 0.2 * 24000

Amount paid off = 4800

Hence the amount of the loan paid off is $4,800

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