woahaneesaa woahaneesaa

15-12-2017
Mathematics

contestada

Elsa took out a 2-year loan to buy a car at a 6% simple interest rate. If she has to pay $264 in interest, how much principal did she borrow?

Respuesta :

unicornruru unicornruru

27-12-2017

The Simple Interest formula is I = Prt
I = ?
P = $264
r = 6% or 0.06
t = 2 years

I = 264(0.06)(2)
I = $31.68

Elsa borrowed $31.68 principal.

Answer Link

jeremyhulu08 jeremyhulu08

29-01-2021

Answer:

$2183.333333333333333333333333333333333333333

Step-by-step explanation:

Answer Link

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need help. asap. also need an explanation for the problem. :)