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Popolare Word Problems >

if you borrow 80 for 5 years at an annual interest rate of 15% what is the total amount of money you will pay back

Soluzione

i f yo u b orro w 80 f or 5 ye a rs a t an ann u a l in t eres t r a t e o f 15% w ha t i s t h e t o t a l am o u n t o f m o n ey yo u w i ll p a y ba c k

Soluzione

Amount : 140

Fasi della soluzione

Translate the problem into an equation:

A = 80 (1 + 0.15 \cdot 5)

80 (1 + 0.15 \cdot 5) = 140

Amount : 140

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