We have been given that Anil borrows $80 000 to buy a business. The bank gives him a loan, with an interest rate of 2% each year. We are asked to find the total amount paid back by Anil to bank after 10 years.
We will use simple interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
Let us convert 2% into decimal.

We have
and
, so we will get:




Therefore, Anil will pay
to the bank after 10 years.
Answer:
19%
Step-by-step explanation:
19/100. i don't think it is that simple, but i did the best i could
Answer:
10.6
Step-by-step explanation:
radius = 1.5 height = 1.5 so it's 10.6
Answer:
18 1/2 miles
Step-by-step explanation:
3 7/10 * 5
Change to an improper fraction
(10* 3 + 7)/10 * 5
37/10 *5
Rewriting
37 * 5/10
37/2
Changing back to an mixed number
2 goes into 37 18 times with 1 left over
18 1/2
You left it out, but I'm thinking that there must be an 'x' next to the '20.50' in the function. I'm so sure of it that I'll assume it, as I proceed to answer the question:
C(x) = 20.50x + 2,000
Subtract 2,000 from each side: C - 2,000 = 20.50 x
Divide each side by 20.50 : x = (C - 2,000) / 20.50
When C = $625,000 . . .
x = (625,000 - 2,000) / 20.50 = 623,000 / 20.50 = 30,390.2439
<em>30,390 complete units</em> are produced, and there are 5 bucks left over,
to split up among all the loyal employees who worked with such diligence and dedication to make it happen. The company's senior management will graciously add each worker's share to his gross pay before taxes for the second month following the close of the current quarter, with a photocopied note inserted in the pay envelope, expressing management's sincere thanks to everyone, an admonition not to spend it all in one place, and a reminder that no matter how many festivals to their god they need to go out to the desert to celebrate, their tally of bricks for the next quarter shall not be diminished.