SOLUTION: peter buys a motorcycle with a 14% one year interest. if the interest payment is $112. how much is the loan

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Question 1135205: peter buys a motorcycle with a 14% one year interest. if the interest payment is $112. how much is the loan
Answer by MathLover1(20849) About Me  (Show Source):
You can put this solution on YOUR website!

if the interest payment is $112 with a 14% =0.14 one year interest , the loan x will be
0.14x=112
x=112%2F0.14
x=800-> is the loan