document.write( "Question 176394: Consumer laon is made at 10% over 3.5 years. If $2,125 interest is paid what is the principal? What is the total amount paid? \n" ); document.write( "
Algebra.Com's Answer #131518 by MathTherapy(10556) You can put this solution on YOUR website! Consumer laon is made at 10% over 3.5 years. If $2,125 interest is paid what is the principal? What is the total amount paid?\r \n" ); document.write( "\n" ); document.write( "I = PTR\r \n" ); document.write( "\n" ); document.write( "2,125 = P*3.5*.1 \n" ); document.write( "2,125 = .35P\r \n" ); document.write( "\n" ); document.write( "P = 2,125 / .35\r \n" ); document.write( "\n" ); document.write( "P = $6,071.43 \r \n" ); document.write( "\n" ); document.write( "Principal = $6,071.43 \r \n" ); document.write( "\n" ); document.write( "Total amount paid = $6,071.43 + $2,125 = $8,196.43 \n" ); document.write( " |