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Using those examples,can you please solve;

At one time,the Bhutan National Bank charged 15% interest per year for a personal loan. Suppose you had borrowed the money and paid interest at the end of each year.
A.If you had borrowed Nu 1000, how much would you have paid back in interest at the end of one year?
B.How much interest would you paid at the end of two years?
C.Make a chart to show how much interest you would have paid after 3 years, 4 years, and so on up to 10 years ​

Using those examples,can you please solve; At one time,the Bhutan National Bank charged-example-1
User Xicooc
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1 Answer

3 votes

Answer:

Explanation:

rate of interest per year = 15%

A.principal = Nu 1000

time =1 year

rate of interest = 15%

interest=?

Interest =PTR/100

=1000*1*15/100

=15000/100

=Nu 150

B.principal = Nu 10000

time = 2 years

rate of interest =2*15%

=30%

Interest=?

Interest = PTR/100

=1000*2*30/100

=60000/100

=Nu 600