Selena2345
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 ?
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ash2326
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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?
Selena2345
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how do i find x?
ash2326
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First step:
Multiply both sides by 100, what would you get?
Selena2345
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which sides
ash2326
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\[2200\times 100=x\times \frac{11}{100}\times 100\]
Selena2345
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2200 x 100=220000 11/100 x 11=11
ash2326
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\[220000=x\times 11\]
Now divide both sides by 11 to find x
Selena2345
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220000/11=20000 11/11=1
ash2326
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so what you got for x?
Selena2345
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x=20000
ash2326
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Correct, this is the amount borrowed. Do you understand?
Selena2345
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yes
Selena2345
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Thank You Ash2326
ash2326
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Welcome :)