Between the first and second year of existence of a community service organization, the membership of the organization grew by 1
1 answer:
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AS we know that:
And we have the volume and we can calculate the SA,,,
So that, we can conclude:
And we have the volume and we can calculate the SA,,,
So that, we can conclude:
Are you satisfied?
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.
