Loan interest

Eric borrowed 50 euros from his mother for four months at a rate of 5% p.a. (per year). How much does he have to return?

Final Answer:

x =  50.83 Eur

Step-by-step explanation:

p=124 5=124 5=1220=351.6667 % r=100%+p%=1+100p=1.0166666666667 x=50 r=50 1.0167=6305 Eur=50.83 Eur



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