Register
A man paid the bank $4,080 at the end of three years. This was the amount borrowed plus 12% interest for three years. How much money had he borrowed?
77.4k views
2 votes
A man paid the bank $4,080 at the end of three years. This was the amount borrowed plus 12% interest for three years. How much money had he borrowed?

User Mateusz Pryczkowski
by
6.7k points

1 Answer

4 votes
y=4080(0.82)^3 = 2249.58

(rounded to the nearest tenth)
User Jerick
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.0m questions

9.3m answers

Other Questions

Please solve the following equation. x-6x=56
Dennis had a piece of rope that was 2.7 m long. He cut the rope into 3 equal pieces. Was each piece of rope greater than or less than 1 m?
How do you use implicit differentiation to find x^2+3xy+y^3=10
Use mental math to simplify each expression 1. 36+12+4 2.19.2+0.6+12.4+ 0.8 3.2•16•10•5 4.12•18•0•16
In a week 12 hens laid 48 eggs. What is the unit rate for eggs per hen.
Link Copied!