Maths: percentage problem, thanks?

2019-08-11 4:47 pm

回答 (1)

2019-08-11 5:19 pm
✔ 最佳答案
12% per annum ≡ (12/12) or 1% per month
At the end of 1 month,
interest = 10000 x 0.01 = 100
Together with repayment, he owes the bank : 10000+100-2000 = 8100
After the 2nd repayment,
interest = 8100 x 0.01 = 81
Together with repayment, he owes the bank : 8100+81-2000 = $6181


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