Answered

For her son's tuition fee, Maria borrowed 10 000 pesos from a lending company with annual simple interest rate of 8.4%. If she had not given any interest before, how much should she pay the company to pay off her debt after 2 years?
A.1 680 pesos
B.16 800 pesos
C.26 800 pesos
D.11 680 pesos
E. None of these

Sagot :

NILOARCILLA01GO

Answer:

10,000×8.4%= 840×2yrs=1680

the principal amount 10,000 add the interest for 2yrs

10000 + 1680= 11,680

Answer is Letter D

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