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Harrizon [31]
3 years ago
14

I need help with this PLEASE

History
1 answer:
barxatty [35]3 years ago
3 0

Answer:

The Crusades were a series of religious wars initiated, supported, and sometimes directed by the Latin Church in the medieval period. The best known of these Crusades are those to the Holy Land in the period between 1095 and 1291 that were intended to recover Jerusalem and its surrounding area from Islamic rule.

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1. Sandra borrowed K20 000 for 5 years at 9% p.a. flat interest to buy a new car.
klio [65]

Answer:

a. Simple interest, S.I = K9,000

b. Total repayment = K29,000

c. Monthly repayment = K483.33

Explanation:

<u>Given the following data;</u>

Principal = K20,000

Interest rate = 9%

Time = 5 years

a. To find how much interest does Sandra have to pay on the loan;

Mathematically, simple interest is calculated using this formula;

S.I = \frac {PRT}{100}

Where;

  • S.I is simple interest.
  • P is the principal.
  • R is the interest rate.
  • T is the time.

Substituting into the formula, we have;

S.I = \frac {20000*9*5}{100}

S.I = \frac {900000}{100}

<em>Simple interest, S.I = K9,000</em>

b. To find how much does Sandra have to repay altogether;

Total repayment = principal + simple interest

Total repayment = 20000 + 9000

<em>Total repayment = K29,000</em>

c. To find Sandra's monthly repayment;

Conversion:

1 year = 12 months

5 years = 12 * 5 = 60 months

Monthly repayment = 29000/60

<em>Monthly repayment = K483.33</em>

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