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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)
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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.

User NewLearner
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2 Answers

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The interest is: $639.36 I believe, hope it helps!
User TheTechWolf
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4 votes

Answer:

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

Explanation:

just got it right on my quiz

User Nasaralla
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