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:
Is this a question??
Step-by-step explanation:
Simplify. Combine like terms
12x - 9x = 3x
7 - 15 = -8
3x - 8 is your answer
hope this helps
Answer:
$1,008 weekly, $52,416 annually
Step-by-step explanation:
14% of $7200 is 7200 multiplied by .14 (% is decimal multiplied by 100)
.14 of 7200 = 1008
Since you specified the year, I'm going to assume that you need the annual salary based on the weekly salary that she gets from commissions.
$1008 per week, 52 weeks in a year
52 * 1008 = $52416, her commission in 2011
