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Joel borrowed $1,512. He was to pay that amount back along with an additional 9% interest. He could only pay back 82% of what he should have. How much did Joel pay back on his loan?
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4 votes
4 votes
Joel borrowed $1,512. He was to pay that amount back along with an additional 9% interest. He could only pay back 82% of what he should have. How much did Joel pay back on his loan?

User Rico Kahler
by
2.5k points

1 Answer

14 votes
14 votes

Answer:

  • $1351.43

Explanation:

The amount to pay:

  • $1512 + 9% =
  • $1512*1.09 =
  • $1648.08

The amount paid back:

  • 82% of $1648.08 =
  • 0.82*1648.08 =
  • $1351.43
User Gijs De Jong
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2.6k points
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