Question

Your business borrowed 10 bitcoins on May 1, when 1 bitcoin was worth $1,418.86. On June 1, 1 bitcoin was worth $2,441.29. Not counting the 1 month of interest, what is the total amount, including the principal, your business owed on June 1, in dollars?

Answer 1

Id  say $10224.30  because you take what bitcoins were worth on may 1st (x) and then what they were worth on june first (y). the equation would be (10y) - (10x)= what company owes you.

Answer 2

Answer:

$10224.3      

Step-by-step explanation:

Cost of 1 bitcoin on may 1 = $1418.86

Cost of 10 bitcoins = 10*1418.86 =$ 14188.6

Cost of 1 bitcoin on June 1 = $2441.29

Cost of 10 bitcoins = 10*2441.29

                               = $24412.9

Since, we are ignoring the interest, we will only consider the principal amount

Total amount that business owed on June 1 = $(24412.9-14188.6)

                                                                         = $10224.3