Register

Tom had to pay $240 in interest on a loan. The interest was 12% of the total loan. How much was the loan?

Tom had to pay $240 in interest on a loan. The interest was 12% of the total loan. How much was the loan?
74.7k views
1 vote
Tom had to pay $240 in interest on a loan. The interest was 12% of the total loan. How much was the loan?

User Ronaldo
by
9.2k points

1 Answer

4 votes
12% of x is equal to 240 where x is the total loan

12% as a fraction =
(12)/(100)


(12)/(100) of x is equal to 240


(12)/(100) × x = 240

(12x)/(100) = 240
12x = 24000
x = 2000

The total loan was $2000.
User Lukiffer
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!