Minnie went to Orlando Bank to get a student loan. She borrowed $700 at a 12% interest rate compounded annually over 2 years. Ho
w much will Minnie have to repay at the end of two years?
1 answer:
Answer:
she have to pay rs.168 at the end of two years
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Answer:
interest = 250
time = 3 years
rate = 2%
we know
P = I*100/(R*T)
= 250*100/6
=4166.67
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Answer: c
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