Question

Victor borrowed money at 5.25 percent simple annual interest. At the end of the year, the interest on the loan is $255.94. What was the amount of the loan?

Answer 1

Choices?

Answer 2

0.007
0.07
0.7
7

Answer 3

@jhonyy9 please

Answer 4

i dont have a lot of time!!!!

Answer 5

i gave the wrong chocies

Answer 6

$13.44
$134.37
$1,343.69
$4,875.05

Answer 7

there

Answer 8

Oh ok now it makes more sense.

Answer 9

lol

Answer 10

????

Answer 11

Ok lemme explain it better.

Answer 12

pls

Answer 13

?

Answer 14

This is kinda tuff

@jhonyy9

Answer 15

ok then....

Answer 16

i think you can use the rule of 3 simple and write

$255,94 mean 5,25%
x mean 100% and now cross multiplie to calcule the x value

x = 255,94 *100/5,25 = ?

so in this way will get easy the right correct answer sure

hope helped understandably

@supie

Answer 17

Oh ok thanks.

Makes sense.