Ask Question
15 November, 18:48

Bill paid $800 simple interest on a 4% loan over 5 years for a new car. What was the original amount he borrowed.

+1
Answers (2)
  1. 15 November, 21:51
    0
    Set equation up as:

    800 (1+0.04) ^5

    800 (1.04) ^5

    800 (1.21)

    973 this is the answer.
  2. 15 November, 22:17
    0
    973 was the original amount he borrowed
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bill paid $800 simple interest on a 4% loan over 5 years for a new car. What was the original amount he borrowed. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers