Question

Víctor borrwed money at 5.25 percent simple annual interest. At the end of the year,the interest in the lían is $255.94 .What was the amount of the load?

Answer 1

Answer:

loan = $4875.05

Step-by-step explanation:

5.25% of loan = $255.94

5.25/100*loan = 255.94

5.25*loan = 25594

loan = 25594/5.25

loan = 4875.04762

loan = $4875.05   (to 2dp)