Amount to be paid back = $ 88,624.36
<u>Step-by-step explanation:</u>
Principal amount = $ 40,000
Rate of interest = 7.5%
Number of years = 11
Plugin the values as,
1 answer:
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In answer a,
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In answer c,
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In answer d,
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In answer a,
In answer c,
In answer d,
Only answer b is left, which means the answer must be 'b'.
We also know 'b' is the answer because it cannot be expressed as <span>
Hope I helped, and let me know if you have any questions :)