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Questions and Answers
A man borrowed 50 000 and promised to pay the amount after 8 months with 16 % interest rate. What is the future amount?
A man borrowed 50 000 and promised to pay the amount after 8 months with 16 % interest rate. What is the future amount?
F=55 333.33
A man borrowed 25 000 on March 3, 1996 and promised to pay the amount on October 21, 1996 with 15% simple interest . What is the future amount using ordinary interest?
A man borrowed 25 000 on March 3, 1996 and promised to pay the amount on October 21, 1996 with 15% simple interest . What is the future amount using ordinary interest?
F=27 416.67
A worker borrowed money on April 20, 1995 and promised to pay 18 000 on March 4, 1996 with 16% interest. Determine the money he has borrowed using exact interest.
A worker borrowed money on April 20, 1995 and promised to pay 18 000 on March 4, 1996 with 16% interest. Determine the money he has borrowed using exact interest.
P=15 791.75
