Relationship) 38031

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).

Correct answer:

x =  66911.28

Step-by-step explanation:

q=100%+6%=1+1006=1.06 a=50000 n=5  x=a qn=50000 1.065=66911.28=6.7104

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