Find the loan princpal. Use banker's interest with 360 days.  Rate: 11% Time: 130 days                                               Interest: 11.70.                                                     Principal:? The loan principal is? Round the answer to the nearest cent as needed

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.35TI: Find the percent increase. (Round to the nearest tenth of a percent.) In 2011, the IRS increased the...
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Find the loan princpal. Use banker's interest with 360 days. 
Rate: 11%
Time: 130 days                                              
Interest: 11.70.                                                    
Principal:?

The loan principal is? Round the answer to the nearest cent as needed

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