Hans borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 9 percent. The total interest that he paid was 126\$. How much money did he borrow?

Solución

Hans borrowed money from a credit union for 2 years and was charged simple interest at an annual rate of 9 percent. The total interest that he paid was 126$. How much money did he borrow?

Solución

Amount : 148.68

Pasos de solución

Translate the problem into an equation:

A = 126 (1 + 0.09 \cdot 2)

126 (1 + 0.09 \cdot 2) = 148.68

Amount : 148.68

Ejemplos populares

town has 400,000 people in it. The population is expected to increase by 4% next year. By how many people will the town grow?You flip a coin 12 times. What is the probability of getting only one tails in all 12 tries?Calculate the amount of interest earned on a 14,500 investment made for 3 years at 5.5%A die is rolled twice. Find the probability of getting the same number on both rolls The number is twice the number fifteen plus twice the number 12