The following information is known about a loan.
Time = 7 years
Interest rate = 6%
Interest = $840.00
What was the principal on the loan?
$200.00
$352.8ghing
$1.862.50
O $2.000.00

Answers

Answer 1

Answer:

B. $352.80

Step-by-step explanation:

edge 2021

Answer 2

The principal on the loan with interest rate of 6% is $2000.

Given that a loan is given in the interest rate of 6%, interest received is $840 and the duration of the loan is 7 years,

We need to find the principal on the loan,

To find the principal on the loan, we can use the formula for simple interest:

Interest = Principal × Rate × Time

In this case, we know the interest is $840.00, the rate is 6%, and the time is 7 years.

Let's solve for the principal:

Principal = Interest / (Rate × Time)

Principal = $840.00 / (0.06 × 7)

Principal ≈ $840.00 / 0.42

Principal ≈ $2000.00

Therefore, the principal on the loan is $2000.00.

Learn more about simple interest click;

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Step-by-step explanation:

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Answer:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Answer:

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Answers

Answer:

75%

Step-by-step explanation:

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Answers

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Answers

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Answers

Answer:

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Answers

Answer:

The measure of the interior angle C is [tex]108^{o}[/tex].

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Answers

Rewrite in Implicit form, Move the constant to the left, by adding its opposite to both sides.

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Help me with this question ASAP please

Answers

Answer:

1) 14°

2)117°

3) 78°

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Step-by-step explanation:

just subtract both angles from 180 because all triangle's angles always add up to 180°

1. ) 14

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NOW HERE'S HOW TO DO IT WITH EXAMPLES OF YOUR QUESTIONS

in triangles all angles added up cant be more than 180 degrees . basically you take 180 and subtract the known angles and what is left over is the unknown angle

example question 1.) 180-112-54=14

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