SOLUTION: A man borrowed a sum of $1750. Find the amount he had to pay back at the end of 2 years if the simple interest was charged at 6% per annum.

Question 1091508: A man borrowed a sum of $1750. Find the amount he had to pay back at the end of 2 years if the simple interest was charged at 6% per annum.
Found 2 solutions by Boreal, MathTherapy:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
A=Ao(1+0.06)^2
A=1750(1.06^2)=$1966.30. Round at the end.

Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

A man borrowed a sum of $1750. Find the amount he had to pay back at the end of 2 years if the simple interest was charged at 6% per annum.

Correct answer:
Let no-one tell you otherwise!
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