The total amount to be paid back for a loan of 2000 naira for 3 weeks at 1 naira on each 10 naira interest per week would be:
Weekly interest: 2000 naira / 10 naira = 200 naira
Total interest for 3 weeks: 200 naira x 3 weeks = 600 naira
Total amount to be paid back: 2000 naira (loan) + 600 naira (interest) = 2600 naira
Therefore, the total amount to be paid back is 2600 naira.
what's the total amount to be paid back that's loan and interest on loan of 2000 naira for 3 weeks at 1naira on each 10 naira interest per week
1 answer
1 answer