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Popular Word Problems >

borrows 7990 for 1 year at 17.5% interest how much does he pay at the end of the year

Solution

b orro w s 7990 f or 1 ye a r a t 17.5% in t eres t h o w m u c h d oes h e p a y a t t h e e n d o f t h e ye a r

Solution

Amount : 9388.25

Solution steps

Translate the problem into an equation:

A = 7990 (1 + 0.175 \cdot 1)

7990 (1 + 0.175 \cdot 1) = 9388.25

Amount : 9388.25

Popular Examples

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