yanetbirhanu yanetbirhanu

16-04-2021
Mathematics

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a man borrows money 800 for 2 years at a simple interest rate 20%. what is the total amount that must be repaid?

Respuesta :

MathsQueen0123 MathsQueen0123

16-04-2021

Answer:

3200

Step-by-step explanation:

Simple interest = [ (Principle x Rate x time) /100 ]

Substitute all values: (800 x 2 x 20)/100 = 3200

Hope this helps

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reemyou199 reemyou199

03-02-2022

Answer:

1120

A=p+I I = prt/100=800x20x2/100=320

A= P+I=800+320=1120

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