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25-02-2022
Mathematics

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Lany borrowed some money at 2% for 6 years. She paid back a total (principal + interest) of
$336. How much did she borrow?

Respuesta :

25-02-2022

Answer:

$300

Step-by-step explanation:

2% for 6 years => She has to pay an extra of 12%.

She paid back $336 => It is 112% of what she borrowed.

To find out how much she borrowed, we do : $336 : 112% x 100% = $300

Recheck : 2% of $300 = $6
So in 6 years, it will be $36 extra.

$300 + $36 = $336.

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