Interest 66304

How big would the Novak family take out a housing loan if they paid an interest of 5500 euros after the first year and the interest rate of this loan was 5.5% p. and.?

Correct answer:

x =  100000 eur

Step-by-step explanation:

q=5.5%=1005.5=0.055  x q=5500 x 0.055=5500  0.055x=5500  x=0.0555500=99999.99999947  x=99999.999999=100000 eur

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