SOLUTION: Atongo borrowed ghana cedis 450.00 from a rural bank at a simple interest rate of 12% per annum for 2years. Find 1. The interest charge 2. The total amount of the end of the two y
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Question 1194966: Atongo borrowed ghana cedis 450.00 from a rural bank at a simple interest rate of 12% per annum for 2years. Find 1. The interest charge 2. The total amount of the end of the two years Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! Atongo borrowed ghana cedis 450.00 from a rural bank at a simple interest rate of 12% per annum for 2years. Find 1. The interest charge 2. The total amount of the end of the two years
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12% for the 1st year = 0.12*450 = 54
Same for the 2nd year
