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Ulleksa [173]
3 years ago
12

If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

Mathematics
2 answers:
Luba_88 [7]3 years ago
7 0
X times 0.05 = $50
Solve for x

We do the inverse of times which is divide

$50 divide by 0.05 = $1000

Thus, $1000 is the amount of loan.
mojhsa [17]3 years ago
4 0

Answer:

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