A man borrowed a loan and paid back 1100 at a rate of 5% in 2 years,what is the interest and principal amount
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Step-by-step explanation:
Amount = P( 1+1/20)2
1100 = P*21/20*21/20
P = lol
Answered by
2
Answer:
P = 1000
I = 100
Step-by-step explanation:
P =Principal
r = rate of interest
t = Time
I = Interest
A = Amount
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