Woman borrowed K80000 to start a business.bank charges 20% for the duration of the loan repayment period.how much Will she pay per month if she is to repay the loan in 2years?

To calculate the monthly payment, we first need to determine the total amount to be repaid over the 2-year period.

The total amount to be repaid can be calculated using the formula for compound interest:

Total amount to be repaid = Principal amount + Interest

Principal amount = K80000
Interest rate = 20%
Time period = 2 years

Interest = Principal amount * Interest rate * Time period
Interest = K80000 * 0.20 * 2
Interest = K32000

Total amount to be repaid = K80000 + K32000
Total amount to be repaid = K112000

Now, we need to calculate the monthly payment. Since the loan is to be repaid over 2 years (24 months), the monthly payment can be calculated by dividing the total amount to be repaid by the number of months:

Monthly payment = Total amount to be repaid / Number of months
Monthly payment = K112000 / 24
Monthly payment = K4666.67

Therefore, the woman will need to pay K4666.67 per month to repay the loan in 2 years.

Amount of loan borrowed = ksh 80000
Rate of interest = 20% per annum
Time = 2 years

Simple interest = (P - R - T)/100
= (80000 - 20 - 2)/100
= 80000 - 0.4
= 32000

Total amount to be repaid = Amount borrowed + simple interest
= 80000 + 32000
= 112000

Monthly repayment = Total amount to be repaid/Number of months
= 112000/24
= 4666.67

Therefore, the woman will pay Ksh 4666.67 per month to repay the loan within 2 years.