fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

If you borrow 2000 for 7 years at an annual interest rate of 15% , what is the total amount of money you will pay back?

Solution

I f yo u b orro w 2000 f or 7 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 ?

Solution

Amount : 4100

étapes des solutions

Translate the problem into an equation:

A = 2000 (1 + 0.15 \cdot 7)

2000 (1 + 0.15 \cdot 7) = 4100

Amount : 4100

Exemples populaires

Devaughn is 7 years younger than Sydney. The sum of their ages is 49 . What is Sydney's age?Allison accumulated 7,000 in credit card debt. If the interest rate is 15% per year and she does not make any payments for 3 years, how much will she owe on this debt in 3 years for quarterly compounding?Isaiah opened a savings account and deposited 400.00 as principal. The account earns 13% interest, compounded quarterly. What is the balance after 2 years?the product of a number and 6 decreased by 4 is equal to 20 give an equation baker divides 15 pounds of sugar into 4 bags. What mixed number represents how much sugar is in each bag?