Answer:
It will return 1,936,000 dollars
from which 336,000 will be interest
Explanation:
We solve using the future value of a lump sum:
[tex]Principal \: (1+ r)^{time} = Future \: Value[/tex]
Principal 1,600,000.00
time 2.00
rate 0.10000
[tex]1600000 \: (1+ 0.1)^{2} = Amount[/tex]
Amount 1,936,000.00
We calculate interst by the different os the amount borrow and the amount returned:
1,936,000 - 1,600,000 = 336,000
