It will take 10 years.
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Interest = 2500*0.067*3.5 = 586.25 So total repayment = 2500 + 586.25 = 3086.25
Calculation: 2500/0.10 = 25000 Therefore, the total amount would be 25000.
since its not compounded this is a very simple problem. r= interest rate x= principle y=years Interest Accumulated = x*y*r so, in your case: 2500 = 10000 * 5 * r 2500 = 50000r divide both sides by 2500 and you get: r=.05 (or 5%)
2500
Well, isn't that a happy little math problem! To find 80 percent of 2500, you simply multiply 2500 by 0.8. So, 80 percent of 2500 is 2000. Just imagine all the beautiful things you could do with that number!