Math, asked by demisstar, 6 months ago

we borrowed $1000 at a 10% annual interest rate if we did not make a payment for two years, and assuming that there is no penalty for the non-payment, how much do we owe now?

Answers

Answered by prateekgupta0706

1

Answer:

$1200

Step-by-step explanation:

S.I = P*R*T/100

P = $1000

R = 10%

T = 2 years

S.I = 1000*10*2/100

= $200

Amount = S.I + P = $1000 +$200 = $1200

So, we owe $1200 now.

Previous Question

Next Question

Similar questions

Math, 3 months ago

which one of the following measures is determined only after the construction of cumulative frequency distribution? mean median mode none of these...

Science, 3 months ago

7. Is it important to have a very good contact between the lower end of a Lighthing conductor and the earth ? If do, why?

English, 3 months ago

what message does the poet convey through the poem of Zebra questions...

Science, 6 months ago

1.नि. निललित तिलाल वल्लभ और विलायक लिरिवर- टिक आयोडीन (1) कॉक...

Social Sciences, 6 months ago

which Dwarf planet has the longest day?

Biology, 9 months ago

What is lateral development of embryo?

English, 9 months ago

Mehak the school captain of KD School Kanpur has been asked to put up a notice informing the students of classes 9 and 10 about a debate competition to be held on 6 April...

Economy, 9 months ago

explain national income equilibrium through aggregate demand and aggregate supply use diagram. also explain the changes that take place in an economy when the economy is not in equilibrium?