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.
I want to say B
This is filler to answer
Answer:
The correct answer is 3/28
Step-by-step explanation:
Answer:
Step-by-step explanation:
first multiply 4 X 2= 8
8+2x=42
Now you are going to pass 8 to the other side by adding -
2x=42-8
2x=34
Now you are going to divide 34 between 2 to eliminate the 2 multiplying in the other side. 34 between 2= 17
X=17
Hope this helps :)