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Math

Answered

a businessman borrow 10 000.00 at 12% simple interest how much interest doesn't he pay in a year

Sagot :

RAPHAEL21MAGNOPBPFLWIN RAPHAEL21MAGNOPBPFLWIN

Answer:

Given:

Principal = P10,000.00

Rate = 12% or 0.12

Time = 1 year

Formula : A=P(1+rt)

Solution:

A=P10,000|1+(0.12)(1)|

Answer = P11,200.00

Step-by-step explanation:

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