document.write( "Question 638914: the question said...the percentage rate for the loan is 12%,it was paid in full after 1 year..the total amount paid was $896.00..what was the original amount of the loan? I have come up with $788.48 as the answer,I would just like to make sure I have done this correctly please! Thank you! Kristi \n" ); document.write( "
Algebra.Com's Answer #402458 by reviewermath(1029) You can put this solution on YOUR website! Let x = original amount \n" ); document.write( "x + 0.12x = 896 \n" ); document.write( "1.12x = 896 \n" ); document.write( "x = 896/1.12 \n" ); document.write( "x = 800 \n" ); document.write( "The original loan amount was $800. \n" ); document.write( " |