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? $ 1,022.43 $ 2,441.29 $10,224.30 $14,188.60 $24,412.90

Answer 1

We are working with 10 bitcoins. And interest is not figured in.

We simply $2,441.29 - $1,418.86 to find the overall change which is $1,022.43.

Then we simply multiply $1,022.43 by 10 (number of coins).

The answer is $10,224.30.

Answer 2

$24,512.90 is the correct answer