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Popular Word Problems >

Ben borrowed 800 at 9% simple interest for 2 years. What is the total amount he must repay?

Solution

B e n b orro w e d 800 a t 9% s im pl e in t eres t f or 2 ye a rs . Wha t i s t h e t o t a l am o u n t h e m u s t re p a y ?

Solution

Amount : 944

Solution steps

Translate the problem into an equation:

A = 800 (1 + 0.09 \cdot 2)

800 (1 + 0.09 \cdot 2) = 944

Amount : 944

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