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kingksa
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On 31 December 2005, Zobia owed 1000 £ on a loan. Interest is added to the debt at the rate of 1.1% at the end of each month.
1-If Zobia makes no repayments during the following year, how much will she owe on
31 December 2006 ( to the nearest £)?
2-Zobia sets up a direct debit to pay the loan company 60 £ at the end of each month in 2006. How much will she owe on 31 December 2006 ( to the nearest £) ?
1-If Zobia makes no repayments during the following year, how much will she owe on
31 December 2006 ( to the nearest £)?
2-Zobia sets up a direct debit to pay the loan company 60 £ at the end of each month in 2006. How much will she owe on 31 December 2006 ( to the nearest £) ?