how much money did Thomas pay as interest for the loan?
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Answered by
1
Explanation:
- 2000 ᴛʜᴏᴜsᴀɴᴅs ᴍᴏɴᴇʏ ᴅɪᴅ ᴛʜᴏᴍᴀs ᴘᴀʏ ᴀs ɪɴᴛᴇʀᴇsᴛ ғᴏʀ ᴛʜᴇ ʟᴏɴᴇ.
ᴍᴀʀᴋ ᴍᴇ ᴀs ʙʀᴀɪɴʟɪsᴛ❤
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Answered by
5
Answer:
Thomas took out a loan of 15000 rupees from a bank which charges 12% interest, compounded annually. After 2 years, he paid back 10000 rupees.
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