The total of monthly payments for a three-year loan is $22,317.12. the apr is 4%. how much money was originally borrowed?

$717336

Step-by-step explanation:

The total of monthly payments for a 3-year loan is $22317.12.

So, the total amount has to pay back in 3 years is $(22317.12 × 12 × 3) = $803416.32.

Let the amount of money that was originally borrowed is $x and the given APR is 4%.

Then we can write,

⇒ 1.12x = 803416.32

⇒ x = $717336 (answer)

step-by-step explanation:

given that there are two triangles j'k'l' and jkl>

the former is got by dilating the second one.

when drawn on a grid, (graph paper) coordinates of vertices of first triangle is

(6,12)j, (9,6)k and (12,9)l

side jk has length = distance between j and k

=

side j'k'=distance between j' and k'

=

ie j'k'l' has sides 1/3 of that of corresponding sides of jkl.

hence scale factor of 1/3 is used to get j'k'l'from jkl