Ill give a brainest no cap plz actually help

Mathematics

1 answer:

Volgvan2 years ago

3 0

Step-by-step explanation:

Amount borrowed=400

interest rate=4%

Amount of interest after x years =0.04XxX400=$16x

Total to be paid back=400+0.04XxX400=400+16(1)

1) the amount of interest.if Franco pays back the loan in x=1 years is

16x1=$16

2) the amount of interest,if Franco pay back the loan in x=2 years is,

16x2=$32

3) the amount of franco will pay the lender after 2 years will be

400+(16x2)=400+32=$432

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