If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how much was borrowed 2 years earlier? a) 1,018.18 OMR b) 1,028.18 OMR c) 2,018.18 OMR d) 1,019.18 OMR
If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how much was borrowed 2 years earlier? a) 1,018.18 OMR b) 1,028.18 OMR c) 2,018.18 OMR d) 1,019.18 OMR
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Transcribed Image Text:If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how
much was borrowed 2 years earlier?
a) 1,018.18 OMR
b) 1,028.18 OMR
c) 2,018.18 OMR
d) 1,019.18 OMR
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