SOLUTION: If you borrowed 10, 000 pesos from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year?

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Question 1184595: If you borrowed 10, 000 pesos from a bank with 18% interest per annum, what is the total amount to be repaid at the end of one year?
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

Then the total amount to be repaid at the end of one year is  10000 + 0.18*10000 = 10000 + 1800 = 11800 pesos.    ANSWER

Solved.

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To see many other similar  (and different)  solved problems on simple interest accounts,  look into the lesson
    - Simple interest percentage problems
in this site.


Learn the subject from there.