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Popular 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

Solución

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

Solución

Amount : 2000

Pasos de solución

Translate the problem into an equation:

A = 500 (1 + 0.3 \cdot 10)

500 (1 + 0.3 \cdot 10) = 2000

Amount : 2000

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