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If an interest rate of 5% results in interest of $50,

what is the principal amount of the loan?

User Bonfo
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Answer:

Ñpswplmlpspapppapapa

User Bunkerbuster
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X times 0.05 = $50
Solve for x

We do the inverse of times which is divide

$50 divide by 0.05 = $1000

Thus, $1000 is the amount of loan.
User ObjectType
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