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Popolare Word Problems >

if you borrow 500 for 10 years at an annual interest rate of 30% what is the total amount of money you will pay back

Soluzione

i f yo u b orro w 500 f or 10 ye a rs a t an ann u a l in t eres t r a t e o f 30% w ha t i s t h e t o t a l am o u n t o f m o n ey yo u w i ll p a y ba c k

Soluzione

Amount : 2000

Fasi della soluzione

Translate the problem into an equation:

A = 500 (1 + 0.3 \cdot 10)

500 (1 + 0.3 \cdot 10) = 2000

Amount : 2000

Esempi popolari

Nine more than the quotient of a number and 6 is equal to 4 The sum of two numbers is 29. Half the larger number increased by two is same as the smaller number. Find the numbers.10 increased by the product of a number and 7 is less than-30 one more than 3 times a number is the same as 5 times the number decreased by 15 find the number The manager of a store buys a product for 38. If the markup rate is 21%, what is the selling price? Be sure to round your answer to the nearest cent.