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If Andrew got a loan of K7000, and he was charged 20% for 2 year repayment, how much will he pay altogether?

Mathematics

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Answer

D

Step-by-step solution

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It looks like Questions 18 and 19 are missing some context or information from a previous part of the problem, so I can't solve them. However, I can help you with Question 20!

Question 20:
If Andrew got a loan of K7000, and he was charged 20% for 2 year repayment, how much will he pay altogether?

  1. Calculate the simple interest charged on the loan.

    The formula for simple interest is I=P×R×TI = P \times R \times T, where PP is the principal amount, RR is the annual interest rate, and TT is the time in years.

    I=K7000×0.20×2I = \text{K}7000 \times 0.20 \times 2 I=K1400×2I = \text{K}1400 \times 2 I=K2800I = \text{K}2800

    The total interest charged is K2800.

  2. Calculate the total amount Andrew will pay altogether.

    The total amount is the principal amount plus the interest.

    Total Amount=Principal+Interest\text{Total Amount} = \text{Principal} + \text{Interest} Total Amount=K7000+K2800\text{Total Amount} = \text{K}7000 + \text{K}2800 Total Amount=K9800\text{Total Amount} = \text{K}9800

    Andrew will pay K9800 altogether.

    The correct option is D.

    D. K9800\boxed{\text{D. K9800}}
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