Question

Your business borrowed 10 bitcoins on May 1, when 1 bitcoin was worth $1,418.86. On June 1, 1 bitcoin was worth $2,441.29. Not counting the 1 month of interest, what is the total amount, including the principal, your business owed on June 1, in dollars?

Answer 1

Answer:

Step-by-step explanation:

We are working with 10 bitcoins. And interest is not figured in.

We simply $2,441.29 - $1,418.86 to find the overall change which is $1,022.43.

Then we simply multiply $1,022.43 by 10 (number of coins).

The answer is $10,224.30.

Answer 2

The total amount our business owned as on June 1 is $10,224.30.

Given:

• 10 bitcoins
• Value of 1 bitcoin as on May 1 = $1418.86
• Value of 1 bitcoin as on June 1 = $2441.29

To find:

Total amount business owned on June 1

Step by step explanation:

Step 1:  $2,441.29 - $1,418.86 = $1,022.43
Step 2: Now we have the difference between the values of bitcoins on May 1 and that of June 1 and also the number of bitcoins = 10.
Step 3: Multiplying the difference with the number of bitcoins
            $1,022.43 * 10
           = $10,224.30.

The final answer is = $10,224.30

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