Find the total amount to be paid back(that is,loan + interest) on these loans:
2000naira for 3weeks at 1naira in each 10naira per week
To calculate the total amount to be paid back on this loan, we need to determine the interest first.
The interest rate is 1 naira for every 10 naira borrowed per week, so for a 3-week loan of 2000 naira, the total interest would be:
(2000 naira / 10 naira) * 1 naira/week * 3 weeks = 600 naira
Now, let's add the loan amount and the interest to find the total amount to be paid back:
Loan amount: 2000 naira
Interest: 600 naira
Total amount to be paid back: 2000 naira + 600 naira = 2600 naira