Mrs. Guilhermina received hands of what she imagined this month, so she had to use the limit of her overdraft. What approximate amount will she pay, if she used R $ 5,500.00 for 1 month andto 14% in compound interest?
Amount owed = R$ 5.500,00 * (1+014./12)^1 = R$ 5.500.00*(1.011) = R$ 5.564,00