SOLUTION: Every ear,we return 12% of a sum of money without an intersest. if after 5 years, we still have 1400 $ to pay,what sum of money did i borrow?? PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Question 184422: Every ear,we return 12% of a sum of money without an intersest. if after 5 years, we still have 1400 $ to pay,what sum of money did i borrow?? PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELPPPPPPPPP !!!!!!!!!!
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Every year,we return 12% of a sum of money without an intersest.
If, after 5 years, we still have 1400 $ to pay,what sum of money did i borrow??
:
Let x = amt borrowed
:
Convert 12% to decimal; .12
:
Amt borrowed - amt paid = $1400
:
x - 5(.12x) = 1400
:
1x - .6x = 1400
;
.4x = 1400
x =
x = $3500
;
:
See if that's right
3500 - 5(.12*3500) =
3500 - 5(420) =
3500 - 2100 = 1400
:
PS you don't have "shout" like that, we pay attention.
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