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Harry buys a sofa set that costs $2000.00. He pays for it by installments at an interest rate of 5% per year. What is the total amount he has to pay at the end of the one year?
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Harry buys a sofa set that costs $2000.00. He pays for it by installments at an interest rate of 5% per year. What is the total amount he has to pay at the end of the one year?

User Ramiro Berrelleza
by
7.4k points

1 Answer

6 votes
2000 = 100%
? = 105%

To calculate~~~~



(2000)/(100) X 105

= $2100.00
User Ali Seyfollahi
by
8.6k points
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