SOLUTION: Claudia borrows R1000 at 10% interest for 1 year How much must she pay back at the end of 1 year? How much must she pay back if borrowed R1000 for 3 years?

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Question 1127984: Claudia borrows R1000 at 10% interest for 1 year
How much must she pay back at the end of 1 year?
How much must she pay back if borrowed R1000 for 3 years?
Answer by Mtrkcrc(8) About Me  (Show Source):
You can put this solution on YOUR website!
she will pay back 1100 at the end of 1 year because 1000*1.1
she will pay back 1331 at the end of three years beacuse 1000*1.1*1.1*1.1 is 1331