Mr Smith borrowed some money from a friend at the interest rate of 8℅ per annum . He repaid his debt by paying $16800 at the end of 5years. How much did he borrowed from his friend ?
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Answer:
$10080
Step-by-step explanation:
in 5 years the interest will be 40%.
and 40% of $16800 Is $6720
which is the total interest
Hence, $16800 -$6720 Is $10080.
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