0 like 0 dislike
10 views
You borrowed an amount of money from Sipho and have to pay him R2 400 interest after three years. Determine the amount borrowed if a simple interest rate of 8,00% is applicable
in BNU1501 by Diamond (40.1k points) | 10 views

1 Answer

0 like 0 dislike
A =P ( 1 + in ) .... 2800 + P = P ( 1 + 3x0.08)... 2800= 1.24P - P ... P = R10000 was borrowed
by Wooden (3.5k points)

Related questions

Welcome to MathsGee Skills Question and Answer Bank, a platform, where you can ask study questions and receive answers from other members of the community. Help is always 100% FREE!
MathsGee Q&A is the knowledge-sharing community where millions of students and experts put their heads together to crack their toughest homework questions.

Enter your email address:

Categories

[consumerlti id="python_coding"]