Question

Anna borrowed a sum of 31000 from Lucy for two years. If the rate of
interest is 10% compounded annually, find the amount that Anna has to
pay back. *
1220
O 31210
) O
31200
00​

Answer 1

Answer:

37200

Step-by-step explanation:

p=31000

T=2 years

R=10%

I= PTR÷100

=31000×2×10÷100

=6200

Amount =interest + principle

=6200+31000

=37200