Register
Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per annum. He pays back the loan after 10 years. How much money does he have to pay back? Give your answer to the nearest £1​
196k views
3 votes
Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per annum. He pays back the loan after 10 years. How much money does he have to pay back? Give your answer to the nearest £1​

User Roy Ryando
by
7.8k points

1 Answer

3 votes

Answer: £3250

Explanation:

Tommy takes out a loan of £2600. It gathers simple interest at a rate of 2.5% per-example-1
User VIISHRUT MAVANII
by
8.1k points
← Prev Question Next Question →

Related questions

User Kochez
asked Jul 4, 2021 210k views
4. Divide £2600 in the ratio 1:4:8
Kochez asked Jul 4, 2021
by Kochez
8.4k points
1 answer
2 votes
210k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!