## anonymous 3 years ago 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 ? • This Question is Closed 1. ash2326 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?

2. anonymous

how do i find x?

3. ash2326

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

4. anonymous

which sides

5. ash2326

$2200\times 100=x\times \frac{11}{100}\times 100$

6. anonymous

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

7. ash2326

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

8. anonymous

220000/11=20000 11/11=1

9. ash2326

so what you got for x?

10. anonymous

x=20000

11. ash2326

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

12. anonymous

yes

13. anonymous

Thank You Ash2326

14. ash2326

Welcome :)