# Assignment: MATLAB Calculation | Week-2

### Assignment: MATLAB Calculation

Question:  We borrowed \$1000 at a 10% annual interest rate. If we did not make a payment for two years, and assuming there is no penalty for

non-payment, how much do we owe now? Assign the result to a variable called debt.

Input:

`money_borrowed=1000;interest_rate=.10;end_loan_of_first_year=(money_borrowed*interest_rate)+money_borrowednew_interest=end_loan_of_first_year*interest_ratedebt=end_loan_of_first_year+new_interest`
Output:
`end_loan_of_first_year =        1100new_interest =   110debt =        1210`
The above questions are from “Introduction to Programming with MATLAB” You can discover all the refreshed questions and answers related to this on the “Introduction to Programming with MATLAB – Coursera Quiz Answers By Coursera” page. If you find the updated questions or answers, do comment on this page and let us know. We will update the answers as soon as possible.

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