Sammy plans on a discounted loan with an advertised interest rate of 9%. Sammy will pay $153 in interest on the $1700 loan. How much will Sammy receive at the start of this loan?

Answer:Sammy will receive US$ 1.547 at the start of this loanStep-by-step explanation:1. Let's review the data given to us for solving the question:Advertised interest rate = 9%Amount of interests Sammy will pay = US$ 153Amount of the loan Sammy plans to take = US$ 1,7002. How much will Sammy receive at the start of this loan?Net amount Sammy will receive at the start of this loan = Amount of the loan Sammy plans to take - Amount of interests Sammy will payNet amount Sammy will receive at the start of this loan = 1,700 - 153Net amount Sammy will receive at the start of this loan = 1,547Sammy will receive US$ 1.547 at the start of this loanAmount of interests Sammy will pay = Loan * Advertised interest rateAmount of interests Sammy will pay = 1,700 * 9%Amount of interests Sammy will pay = US$ 153