We have been given that Anil borrows $80 000 to buy a business. The bank gives him a loan, with an interest rate of 2% each year. We are asked to find the total amount paid back by Anil to bank after 10 years.
We will use simple interest formula to solve our given problem.
, where,
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
Let us convert 2% into decimal.
We have 
and 
, so we will get:
Therefore, Anil will pay 
to the bank after 10 years.
Answer:
The answer to your question is: Japan
Step-by-step explanation:
Mobile cost in Spain = € 352.5
Mobile cost in Japan = ¥39856
Exchange rate = £1 = €1.41
£1 = ¥188
Cost of mobile in pounds
£ 1 ------------------ € 1.41
x ----------------- €352.5
x = (352.5 x 1) / 1.41
x= £250
£1 ------------------ ¥188
x ----------------- -¥ 39856
x = (39856 x 1) / 188
x = £212
Then, it was cheaper in Japan
Answer:
y = 20
Step-by-step explanation:
y = kx
24 = 6k
24/6 = 6k/6
k = 4
y = kx
y = 4(5)
y = 20
Answer: b
Step-by-step explanation:
Answer: 15
Step-by-step explanation:
From the question, we can infer from the information given that:
5 eclaires boxes = 1 free eclaires box.
Therefore, to get the number of eclaires boxes that the kids will get if they bring 77 eclaires boxes, we have to divide 77 by 5 and this will be:
= 77 / 5
= 15.4
= 15
The group of kids will receive 15 free boxes
