Ask Question
30 May, 19:06

The following information is known about a loan. Time = 7 years Interest rate = 6% Interest = $840.00 What was the principal on the loan?

$200.00

$352.80

$1,862.50

$2,000.00

+4
Answers (2)
  1. 30 May, 19:09
    0
    Your Answer Is D. $2,000.00
  2. 30 May, 19:23
    0
    the answer is b because you multiply the years and the interest rate then make the percentage into a decimal when you do that you will get. 6 then multiply by whatever your answer was when you multiply the years and interest rate
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information is known about a loan. Time = 7 years Interest rate = 6% Interest = $840.00 What was the principal on the loan? ...” 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