# Beginning 31671

At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to repay the bank?

## Correct answer:

Tips for related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Do you want to convert time units like minutes to seconds?

Do you want to convert time units like minutes to seconds?

### You need to know the following knowledge to solve this word math problem:

### Units of physical quantities:

### Grade of the word problem:

## Related math problems and questions:

- Interest 8369

Mr. Novák borrowed € 3,500 from the bank with an annual interest rate of 14%. He repaid the loan after a year. How much did he pay to the bank? - Interest rate

We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship). - Deposited 7096

Mr. Novák deposited CZK 50,000 a year in the bank at an annual interest rate of 4%. How much will pre-tax interest be after one year? - Obtained 31531

On 1 March, Mr. Závora obtained a loan from the bank for CZK 70,000 for four months. The interest rate is 9.5%. How much will he repay to the bank?

- A vendor 3

A vendor borrowed PHP 150,000 from their cooperative. The rate of interest was 11.5% a year. How much interest does he pay to the bank at the end of one year? - Interest 6043

Mr. Vysoky took out a mortgage on the house. He borrowed a total of 2 million for ten years. The interest rate was 2.3%. How much will Mr. Vysoky pay in total if the interest rate does not change? - Mr. Cruz

Mr. Cruz borrowed 21,600 euros for three years at 16 2⁄3% compounded annually. At the same time, Mr. Santos borrowed the same Amount at Simple Interest for the same period and at the same interest rate. Who Pays more and how much?