Money is borrowed at 10% simple interest. After one year, $980.10 pays off the loan. How much was originally borrowers

Given:

Rate of simple interest = 10%

After one year, $980.10 pays off the loan.

To find:

Original amount of loan.

Solution:

We know that, the simple intersect is

Where, P is principal, r is rate of interest in percent and t is time in years.

Putting r=10 and t=1, we get

Now, the formula for amount is

where, P is principal and I is the interest.

Putting A=980.10 and , we get

Divide both sides by 11.

Therefore, the original amount of loan is $891.

26 is 33.33% of 78

step-by-step explanation:

26 is what percent of 78?

26 is p% of 78

equation: y = p% * x

solving our equation for p

p% = y/x

p% = 26/78

p = 0.3333

convert decimal to percent:

p% = 0.3333 * 100 = 33.33%

too hard the other guy did it

step-by-step explanation: