Question

Ms.Hobson agrees to pay 11% interest on a loan for her new automobile. She is charged $2200 interest on a loan for 1 year. How much did she borrow ?

Answer 1

She is charged $2200 interest on a loan for 1 year
Let she borrowed x , then interest to be paid in a year
\[I=x\times 11\%\]
interest is 2200
\[2200=x\times \frac{11}{100}\]
Can you find x?

Answer 2

how do i find x?

Answer 3

First step:
Multiply both sides by 100, what would you get?

Answer 4

which sides

Answer 5

\[2200\times 100=x\times \frac{11}{100}\times 100\]

Answer 6

2200 x 100=220000 11/100 x 11=11

Answer 7

\[220000=x\times 11\]
Now divide both sides by 11 to find x

Answer 8

220000/11=20000 11/11=1

Answer 9

so what you got for x?

Answer 10

x=20000

Answer 11

Correct, this is the amount borrowed. Do you understand?

Answer 12

yes

Answer 13

Thank You Ash2326

Answer 14

Welcome :)