If jamil borrow Rs 5oo

at 5% interest to be paid in

2 year, how much will he

have to pay

Question

Tony Jensen

Mathematics

8 August, 06:50

If jamil borrow Rs 5oo

at 5% interest to be paid in

2 year, how much will he

have to pay

+4

Answers (1)

Know the Answer?

Anneliese · Answer 1

Rs 525

Step-by-step explanation:

So it sounds like the amount is just going to go up by 5%, if it is 5% every amount of time let me know.

Anyway, if anything increases by 5% it is basically saying 500 + 500*.05. 500 of course is just this amount, it can be any value though. This can also be simplified to 500 (1+.05) = 500*1.05

So in two years it looks like he has to pay 500*1.05 = 525

If jamil borrow Rs 5ooat 5% interest to be paid in2 year, how much will hehave to pay

If jamil borrow Rs 5oo

at 5% interest to be paid in

2 year, how much will he

have to pay