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Ravi borrows $950 from his parents with a simple interest rate of %5. If it takes him 2 years to pay back the money, how much interest will he owe?
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Aug 27, 2022
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Ravi borrows $950 from his parents with a simple interest rate of %5. If it takes him 2 years to pay back the money, how much interest will he owe?
Mathematics
high-school
Gwell
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Answer:
he will owe $1,047 in total and $97.37 in interest
Jermal
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Sep 2, 2022
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