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what percentage is being paid when you pay 11000.00 and only 700 goes toward the principal.
 Nov 19, 2014

Best Answer 

 #1
avatar+118723 
+5

I think that you are asking what percenage of the payment goes towards paying off the principal.

it will be

700/11000*100       percent

$${\frac{{\mathtt{700}}}{{\mathtt{11\,000}}}}{\mathtt{\,\times\,}}{\mathtt{100}} = {\frac{{\mathtt{70}}}{{\mathtt{11}}}} = {\mathtt{6.363\: \!636\: \!363\: \!636\: \!363\: \!6}}$$

 

6.36%

 Nov 19, 2014
 #1
avatar+118723 
+5
Best Answer

I think that you are asking what percenage of the payment goes towards paying off the principal.

it will be

700/11000*100       percent

$${\frac{{\mathtt{700}}}{{\mathtt{11\,000}}}}{\mathtt{\,\times\,}}{\mathtt{100}} = {\frac{{\mathtt{70}}}{{\mathtt{11}}}} = {\mathtt{6.363\: \!636\: \!363\: \!636\: \!363\: \!6}}$$

 

6.36%

Melody Nov 19, 2014

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