dmiller078 dmiller078

12-04-2017
Mathematics

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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

12-04-2017

A=200×(1+0.01)^(6)
A=212.30
Interest paid
I=212.30-200=12.30

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