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
Answers
Answered by
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
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