Question

Scott borrowed money from the bank for repairs at an 8% interest rate, At the end of 1 year, he owed a total of $7992 in principal and interest. How much money did he borrow? a) Write the model first b) solve the equation.

Answer 1

The interest is: $639.36 I believe, hope it helps!

Answer 2

I = $3,772, P = $8,200, r = ?, t = 4 years

Explanation:

just got it right on my quiz