mayathesmartgig mayathesmartgig

21-04-2022
Mathematics

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If you borrow $500 at 5% for two years, how much will you pay backboy the end of the term?

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Аноним Аноним

05-05-2022

Principal=P=500
Rate of interest=R=5%
Time=T=2

Interest be I

I=PRT/100
I=500(5)(2)/100
I=5²(2)
I=25(2)
I=$50

Total:-

P+I
500+50
$550

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