Ken took out a loan for $1,000 from his bank. At the end of one year, he had to repay it along with 15 percent interest. His interest after one year was $150. Based on this scenario, write down the principal, interest paid, and the total amount repaid in the table below.

Question

Mathematics

Skyla Brennan

30 March, 11:53

Ken took out a loan for $1,000 from his bank. At the end of one year, he had to repay it along with 15 percent interest. His interest after one year was $150. Based on this scenario, write down the principal, interest paid, and the total amount repaid in the table below.

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Ismael Leach · Answer 1

the principal would be $1,000 because that is the initial amount

The interest paid would be $150 because it is stated in the passage

The total amount would be $1,150 because that is the initial amount plus the interest you are required to pay back.