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 one year 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 ?
 one year 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 ?

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ash2326
 one year ago
Best ResponseYou've already chosen the best response.1She 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?

ash2326
 one year ago
Best ResponseYou've already chosen the best response.1First step: Multiply both sides by 100, what would you get?

ash2326
 one year ago
Best ResponseYou've already chosen the best response.1\[2200\times 100=x\times \frac{11}{100}\times 100\]

Selena2345
 one year ago
Best ResponseYou've already chosen the best response.12200 x 100=220000 11/100 x 11=11

ash2326
 one year ago
Best ResponseYou've already chosen the best response.1\[220000=x\times 11\] Now divide both sides by 11 to find x

Selena2345
 one year ago
Best ResponseYou've already chosen the best response.1220000/11=20000 11/11=1

ash2326
 one year ago
Best ResponseYou've already chosen the best response.1so what you got for x?

ash2326
 one year ago
Best ResponseYou've already chosen the best response.1Correct, this is the amount borrowed. Do you understand?
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