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You business borrowed10 biticoins on may 1 when 1 biticoins was worth $1,418.86.on june1, 1 bitcoins was worth $2441.29. Not counting the 1 month of interest, what is the total amount including the principal your business owned on June 1 in dollars



Answer :

Your business, at June 1st, still owned 10 bitcoins.

The value of each bitcoin by that date is $2441.29, so the total debt is:

10 * 2441.29 = 24412.90

The business owned $24,412.90 on June 1st.

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