en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular Word Problems >

Money is borrowed at 10% in simple interest. After one year, 858 pays off the loan. How much was originally borrowed

Solution

M o n ey i s b orro w e d a t 10% in s im pl e in t eres t . A f t er o n e ye a r, 858 p a ys o ff t h e l o an . Ho w m u c h w a s or i g ina ll y b orro w e d

Solution

Principal : 780

Solution steps

Translate the problem into an equation:

858 = P (1 + 0.1 \cdot 1)

Solve for

P, 858 = P (1 + 0.1 \cdot 1) : P = 780

Principal : 780

Popular Examples

Find four consecutive odd numbers which add to 88.A square window has a perimeter of 192 inches. How long is each side of the window?Zane is saving up money to buy a car. Zane puts 10,000.00 into an account which earns 1% interest, compounded annually. How much will he have in the account after 9 years?6 The sum of a number and twice its square is 6 . Find the number.two more than thrice a number x is fourteen