Question

http://prntscr.com/97goen

Answer 1

We can automatically rule out everything but 30,000. This is because you want the original amount.

Answer 2

y represents the total amount owed at the end.

B = the interest (as it is a set rate)

x = the amount of years passed.

Make sense?

Answer 3

A is the initial amount of the loan. From the problem, that appears to be what?

Answer 4

30,000

Answer 5

That is what I got.

@sloppycanada Do you agree?

Answer 6

I think so. SC wrote above:

"We can automatically rule out everything but 30,000. This is because you want the original amount. "

Answer 7

k thnx

Answer 8

You are welcome.