Question:

Julie borrows the same $1,000 for her furniture. However, the bank she went to charges a compound interest of 10 percent. If Julie's loan will be paid off in two years, how much will Julie pay the bank in total?

Last updated: 7/17/2022

Julie borrows the same $1,000 for her furniture. However, the bank she went to charges a compound interest of 10 percent. If Julie's loan will be paid off in two years, how much will Julie pay the bank in total?

Julie borrows the same $1,000 for her furniture. However, the bank she went to charges a compound interest of 10 percent. If Julie's loan will be paid off in two years, how much will Julie pay the bank in total?