Working out a word problem

label Mathematics
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if the annual interest rate is 7.1%  and the time on the loan is 135 days with a interest payment of $530 how much is the principal amount?

Jun 22nd, 2015

Thank you for the opportunity to help you with your question!

Hi, attached is the excel sheet containing the solution of your problem -

Principal amount.xlsx

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015

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Jun 22nd, 2015
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Jun 22nd, 2015
Oct 17th, 2017
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