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 and easily solve a variety of common percentage-related problems.
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:
algebrabasic operations and conceptsUnits of physical quantitiesGrade of the word problem
Related math problems and questions:
- Interest 2
At the beginning of the year, Ms Mařasová obtained a loan from the bank in the amount of CZK 75,000 for three years, with an interest rate of 12.5%. She will repay the loan and interest in one go, after three years. The bank pays interest twice a year, al - Borrowed
Mr. Douda borrowed 200,000 SK from the bank at an annual interest rate of 15.4%. He will repay the loan after four years. How many korunas will he have to repay? - 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? - 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? - 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?
