A loan is paid off in 30 years with a total of $99,000. It had a 3% interest rate that compounded monthly. What was the principal?

The principle will be "40295.63". A further explanation is given below.

Step-by-step explanation:

The given values are:

Total amount,

A = 99,000

Rate of interest,

R = 3%

Time period,

T = 30 years

  = 360 months

As we know,

⇒

On substituting the values, we get

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⇒

⇒      

⇒      

there are many solutions.

step-by-step explanation:

step 1: simplify both sides of the equation.

4x+6=4x^2+10x−4

step 2: subtract 4x^2+10x-4 from both sides.

4x+6−(4x^2+10x−4)=4x^2+10x−4−(4x^2+10x−4)

−4x^2−6x+10=0

step 3: factor left side of equation.

−2(2x+5)(x−1)=0

step 4: set factors equal to 0.

x=-5/2 or x=1

answer: when you burn wood, the carbon reacts with the oxygen in the air to create ash and smoke. that is a permanent change you cannot undo that.

step-by-step explanation: