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(a)
compound interest formula:
A = P(1+ r/n ) ^nt
r= 10/100
n= 1
t= 2
A= 4356
(a) is finding principal amount (P) just sub every value inside formula.
(b) after u find P in part (a) , thats the amount he borrowed.
now he wan pay back the amount he borrowed in equal annual installment of 2 years
just A divide by 2?
i actually don understand part b im sorry
compound interest formula:
A = P(1+ r/n ) ^nt
r= 10/100
n= 1
t= 2
A= 4356
(a) is finding principal amount (P) just sub every value inside formula.
(b) after u find P in part (a) , thats the amount he borrowed.
now he wan pay back the amount he borrowed in equal annual installment of 2 years
just A divide by 2?
i actually don understand part b im sorry