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Popular Word Problems >

if miss lisa borrowed 100000 at 8 percent interest or 2 years how much money will se repay ncluding the principal after 2 years

Solution

i f mi ss l i s a b orro w e d 100000 a t 8 p erce n t in t eres t or 2 ye a rs h o w m u c h m o n ey w i ll se re p a y n c l u d in g t h e p r in c i p a l a f t er 2 ye a rs

Solution

Amount : 116000

Solution steps

Translate the problem into an equation:

A = 100000 (1 + 0.08 \cdot 2)

100000 (1 + 0.08 \cdot 2) = 116000

Amount : 116000

Popular Examples

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