dmiller078
dmiller078 dmiller078
  • 12-04-2017
  • Mathematics
contestada

You borrow $200 from a relative for six months. You agree to pay compound interest at
the rate of 1% per month.

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 12-04-2017
A=200×(1+0.01)^(6)
A=212.30
Interest paid
I=212.30-200=12.30
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