Ask Question
3 July, 18:49

Margaret's car loan statement said she would pay $7,683.20 in a simple interest for a 5 year loan at 9.8% how much did Margaret borrow to buy the car

+3
Answers (1)
  1. 3 July, 18:57
    0
    Answer:15,680

    Step-by-step explanation:

    7,683.207,683.20 = (P) (0.098) (5) = 0.49P

    Dividing both sides by 0.49, we have

    P=7,683.200.49=15,680
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Margaret's car loan statement said she would pay $7,683.20 in a simple interest for a 5 year loan at 9.8% how much did Margaret borrow to ...” 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