mayathesmartgig mayathesmartgig
  • 21-04-2022
  • Mathematics
contestada


If you borrow $500 at 5% for two years, how much will you pay backboy the end of the term?

Respuesta :

Аноним Аноним
  • 05-05-2022
  • Principal=P=500
  • Rate of interest=R=5%
  • Time=T=2

Interest be I

  • I=PRT/100
  • I=500(5)(2)/100
  • I=5²(2)
  • I=25(2)
  • I=$50

Total:-

  • P+I
  • 500+50
  • $550
Answer Link

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