QuinaMartinez QuinaMartinez
  • 25-04-2017
  • Mathematics
contestada

The following information is known about a loan.

Time = 7 years
Interest rate = 6%
Interest = $840.00

What was the principal on the loan?

Respuesta :

fussellk
fussellk fussellk
  • 25-04-2017
Use the formula I = PRT.....you'll get $2000
Answer Link
alyciascott6
alyciascott6 alyciascott6
  • 26-07-2019

Answer:2000

Step-by-step explanation:

Answer Link

Otras preguntas

20 POINTS!!!!! (Voting Brainiest) Four Short Math Problems!!
God spoke the Ten Commandments to Moses at Sinai. True False
Bacteria are _______ organisms. A.) Unicellular Prokaryotic B.) Unicellular Eukaryotic C.) Multicellular Eukaryotic D.) Multicellular Prokaryotic
While on vacation, Craig bought a pair of sunglasses for $15.98, a hat for $7.99, 5 postcards, and a beach towel. The beach towel cost $0.50 more than half of t
simplify the expression: 2(3n+4)-2(2n+5)
Need help with 2,3,and 4
What's does 9/13 9/13 equal?
Commercial capitalism was based on
a. How high above the water is the roadway in meters? Round to the nearest hundredth. (its 199 ft) The roadway is about ___ meters above the water. b. The brid
1. Which expressions are completely factored? Select each correct answer. 24a^4+18=6(4a^4+3) 12a^3+8a=4(3a^3+2a) 16a^5−20a^3=4a^3(4a^2−5) 30a^6−24a^2=3a^2(10a^4