Answer:
C. $144,200
Step-by-step explanation:
We have been given that a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877.
To find the loan amount, we will use simple interest formula.
, where,
I = Amount of interest,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
One month will be equal to 1/12 year.

Upon substituting our given values in simple interest formula, we will get:






Upon rounding to nearest hundred, we will get:

Therefore, the loan amount was $144,200 and option C is the correct choice.
A proportion<span> is a name we give to a statement that two ratios are equal. It can be written in two ways: two equal fractions, or, using a colon, a:b = c:d.</span>
Answer:
2x+10
Step-by-step explanation:
x is gorans age