Frans paid R9600 as interest on a loan he took 5 years ago at 16% rate. What’s was the amount he took as loan?

Question

Frans paid R9600 as interest on a loan he took 5 years ago at 16% rate. What’s was the amount he took as loan?

in progress 0
Gia Bảo 2 months 2021-08-04T09:12:42+00:00 2 Answers 2 views 0

Answers ( )

    0
    2021-08-04T09:13:45+00:00

    Answer:

          The amount he took as loan = R12,000

    Step-by-step explanation:

    Simple Interest

    Let loan amount be = P

    R = 16%

    T = 5years

    I = 9600

    Find P

      I = \frac{PRT}{100}\\\\9600 = \frac{P \times 16 \times 5}{100}\\\\P = \frac{9600 \times 100}{16 \times 5} = 12,000

    0
    2021-08-04T09:14:30+00:00

    Step-by-step explanation:

    Interest (I)=R9600

    Rate(R)=16%

    Time (T)=5years

    Principal (P)=?

    P=100×I÷R×T

    P=100×R9600÷16×5

    P=R960000÷80

    P=R12, 000

Leave an answer

Browse

Giải phương trình 1 ẩn: x + 2 - 2(x + 1) = -x . Hỏi x = ? ( )