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2 years ago

At the end of 8 years, Anna paid $400 interest for a loan. If the simple annual interest rate was 4%, how much did Anna borrow?

Mathematics

2 answers:

telo118 [61]2 years ago

8 0

Answer:

a mai no chi chi a haha acados

Step-by-step explanation:i stepped on chi chi and haha a lot

thank you dad no mortal can stop!

Valentin [98]2 years ago

4 0

Answer:

$1,250

Step-by-step explanation:

You can find the answer using the following formula:

i = Prn

i= interest= $400

P= principal

r= rate of interest=0.04

t= time periods= 8

You can replace the values you have in the formula and then, isolate P:

400= P*0.04*8

400=P*0.32

P= 400/0.32

P= 1250

According to this, the answer is that Anna borrowed $1,250.

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