Evander Holyfield (the champion boxer who had part of his ear bitten off by Mike Tyson) made $250 million during his boxing career but declared bankruptcy because of poor financial choices. His July interest at 15% was $155. What was Evander’s principal at the beginning of July?

Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Question

07-07-2024
Business

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Evander Holyfield (the champion boxer who had part of his ear bitten off by Mike Tyson) made $250 million during his boxing career but declared bankruptcy because of poor financial choices. His July interest at 15% was $155. What was Evander’s principal at the beginning of July?

Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Sagot :

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