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:
How did life during the Industrial Revolution differ in the North and the South?
In what ways did the Industrial Revolution make life better?
How did it make life more difficult? How did life during the Industrial Revolution differ in the North and the South?
In what ways did the Industrial Revolution make life better?
How did it make life more difficult?
Step-by-step explanation:
Answer:
1.98
Step-by-step explanation:
sin(26) = EF/4.5 -->
.44 = EF/4.5 -->
.44 * 4.5 = EF -->
1.98 = EF
Answer:
y=2x+15
Step-by-step explanation:
h=9
0.55%*100 = 55% is the answer