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.

$A=P(1+rt)$ , where,

A = Final amount,

P = Principal amount,

r = Annual interest rate in decimal form,

t = Time in years.

Let us convert 2% into decimal.

$2\%=\frac{2}{100}=0.02$

We have $P=\$80,000$ and $t=10$ , so we will get:

$A=\$80000\left(1+0.02\cdot 10\right)$

$A=\$80000(1+0.2)$

$A=\$80000(1.2)$

$A=\$96,000$

Therefore, Anil will pay $\$96,000$ to the bank after 10 years.

8 0

3 years ago

A sphere has a radius of 5 ft.

leva [86]

Answer:

B. 100π

Step-by-step explanation:

The surface area of a sphere is given by

SA = 4 pi r^2

The radius is 5

SA = 4 * pi * r^2

SA = 4 * pi * 25

SA = 100 pi

8 0

3 years ago

Read 2 more answers

If , what is the value of x? 2 3 4 6

Serggg [28]

If what ? What is the If part, so I can help answer your question.

5 0

3 years ago

Read 2 more answers