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Anvisha [2.4K]
2 years ago
11

Jimmy takes a loan of 10,000$ at 12% per year as rate of interest . Find the amount, he will be required to pay after 1 year to

settle the loan .
kindly stay out if u don't know the answer :)
spams , plagiarism = reported

Thanks for answering...​
Mathematics
2 answers:
Vinil7 [7]2 years ago
7 0

Answer:

1200 I THINK

Step-by-step explanation:

Debora [2.8K]2 years ago
5 0

Answer :-

  • 11200

Step by step explanation :-

Here,

  • Principal = 10,000
  • Time = 1 year
  • rate = 12 %

<u>The </u><u>intrest</u><u> </u><u>payable </u><u>on </u><u>1</u><u>0</u><u>0</u><u>$</u><u> </u><u>for </u><u>1</u><u> </u><u>year</u> = 12 $

<u>The </u><u>interest</u><u> </u><u>payable</u><u> </u><u>on </u><u>1</u><u>0</u><u>,</u><u>0</u><u>0</u><u>0</u><u>$</u><u> </u><u>borrowed</u><u> </u><u>for </u><u>1</u><u> </u><u>year</u>

  • ( \frac{12}{100}  \times 10000)
  • 1200

<u>so,</u><u> </u><u>at </u><u>the </u><u>eand </u><u>of </u><u>the </u><u>year </u><u>,</u><u> </u><u>he </u><u>has </u><u>to </u><u>give </u><u>an </u><u>amount</u><u> </u><u>of </u><u>$</u><u> </u><u>(</u><u> </u><u>1</u><u>0</u><u>,</u><u>0</u><u>0</u><u>0</u><u> </u><u>+</u><u> </u><u>1</u><u>2</u><u>0</u><u>0</u><u> </u><u>)</u><u> </u>

  • 11200 $
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