Question

A man borrowed and paid back 1100 dollars at 5%for 2years,what is the interest and principal

Answer 1

hey buddy here is ur answer =

principal=1000 dollar

interest =p×r×n/100=1000×5×2/100=100

so interest is 100 dollar

hope it helps.

;-)

Answer 2

Answer:

100 dollars interest

1000 principle

( as per SIMPLE INTEREST)