Chapter 3: Q. 367 (page 406)
Jaime’s refrigerator loan statement said he would pay $1,026 in interest for a 4-year loan at 13.5%. How much did Jaime borrow to buy the refrigerator?
Short Answer
The principal amount is $1900.
Chapter 3: Q. 367 (page 406)
Jaime’s refrigerator loan statement said he would pay $1,026 in interest for a 4-year loan at 13.5%. How much did Jaime borrow to buy the refrigerator?
The principal amount is $1900.
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