Question

1) Chris Campbell opened a private security service. To pay for office furniture and training

for his employees, he borrowed $14,800 and agreed to pay the loan back in 10 months
at 9% simple interest. Find the total amount he will require at the end of that period to
repay the loan.

Answer 1

16,132 that is adding the 9% interest fee he will have to pay $16,132 back by the end of that period.

Explanation: