Question
Calculate the amount to be aid back if there is an interest of N7560 on N107500 loan
Answers
GPT-4o mini
To calculate the total amount that needs to be paid back on a loan, you need to add the principal amount (the original loan amount) to the interest charged on the loan.
Given:
- Principal (Loan Amount) = N107,500
- Interest = N7,560
Total Amount to be Paid Back = Principal + Interest
Total Amount to be Paid Back = N107,500 + N7,560
Total Amount to be Paid Back = N115,060
Therefore, the total amount to be paid back is **N115,060**.
Given:
- Principal (Loan Amount) = N107,500
- Interest = N7,560
Total Amount to be Paid Back = Principal + Interest
Total Amount to be Paid Back = N107,500 + N7,560
Total Amount to be Paid Back = N115,060
Therefore, the total amount to be paid back is **N115,060**.