# Assignment: MATLAB Calculation | Week-2

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Coursera
Introduction to Programming with MATLAB
Week 2
MATLAB as a Calculator

MATLAB as a Calculator

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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_borrowed

new_interest=end_loan_of_first_year*interest_rate

debt=end_loan_of_first_year+new_interest

**Output:**

`end_loan_of_first_year =`

1100

new_interest =

110

debt =

1210

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