Asked by Petra
To purchase two new copiers, a campus bookstore paid $1350 in interest on a 9% loan for 3 years. Find The principal
$1350/(0.09)(3)=4500.00 for principal
$1350/(0.09)(3)=4500.00 for principal
Answers
Answered by
Ms. Sue
1350 = p * 0.09 * 3
1350 = 0.27p
1350/0.27 = p
5,000 = p
1350 = 0.27p
1350/0.27 = p
5,000 = p
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