Money is borrowed at 8% simple interest. After one year, 999.00$ pays off the loan. How much was originally borrowed?

PV= $925

Step-by-step explanation:

Giving the following information:

Money is borrowed at 8% simple interest. After one year, $999 pays off the loan.

To calculate the original value of the loan, we need to use the following formula:

PV= FV/(1+i*n)

PV= 999/(1+0.08*1)

PV= $925

whole numbers.

step-by-step explanation:

we are given the average monthly rainfall (in millimeters) model r(m) for the years 1900-2009 as a function of the month number m.

as we can see m is taken for the number of months for years 1900-2009.

we know that number of months can't be a negative number or decimal number or a fraction.

so, the number of months could be only positive whole numbers.

therefore, whole numbers is more appropriate for the domain of r.