Question

help

Answer 1

@AZ

Answer 2

I need to find the amount borrowed

Answer 3

We already solved this

https://questioncove.com/study#/updates/603f9bf52556a5f21564fc00

Answer 4

So do you remember now? @lilcutie2

Answer 5

yes

Answer 6

@az

Answer 7

Can you take a better screenshot? The numbers are cutting off

Or you could type out the question

Answer 8

in how many years does it have to be repaid?

Answer 9

4 1/2 or 4.5

got it

Answer 10

It's the same formula we've been using

A = P * (1 + rt)

what is 12.5% as a decimal?

Answer 11

.125

Answer 12

okay and what is the time?

Answer 13

how many years?

Answer 14

4 1/2

Answer 15

yes or 4.5

and what is the original amount, or the princple?

Answer 16

the principle is just the amount of money you are borrowing

Answer 17

6400

Answer 18

so plug it in

A = 6400 * (1 + (0.125*4.5))

A = ??

Answer 19

1.5625

Answer 20

now multiply that by 6400

Answer 21

10000

Answer 22

and so that's your answer

that's A, the total amount to be repaid