Ask Question
28 July, 15:46

At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan?

A. $2,250.00

B. $2,000.00

C. $1,800.00

D. $2,550.00

+5
Answers (1)
  1. 28 July, 16:05
    0
    C. $1,800.00

    FV=1800 * (1+0.04*2) = 1944
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At a rate of 4%, you paid $144.00 in interest over a two-year period. What was the original amount of your loan? A. $2,250.00 B. $2,000.00 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers