Ask Question
20 April, 21:31

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

+2
Answers (1)
  1. 20 April, 23:10
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers