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$20,000 is borrowed at an interest rate of 15% p.a. (per annum) to be paid back over 10 years, calculate the amount of interest, the total repayment and the monthly repayment.
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$20,000 is borrowed at an interest rate of 15% p.a. (per annum) to be paid back over 10

years, calculate the amount of interest, the total repayment and the monthly repayment.

User Leobidoous
by
8.5k points

1 Answer

2 votes

Answer:

30000 simple interest ,50000 total repayment.

Explanation:

sorry iam terrible at explaining,

User Borichellow
by
8.2k points
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