Question

A man borrowed a loan and paid back 1100 at a rate of 5% in 2 years,what is the interest and principal amount

Answer 1

Step-by-step explanation:

Amount = P( 1+1/20)2

1100 = P*21/20*21/20

P = lol

Answer 2

Answer:

P = 1000

I = 100

Step-by-step explanation:

P =Principal

r = rate of interest

t = Time

I = Interest

A = Amount