OpenStudy user X medal blasted OpenStudy user P and gave him 1000 medals so OpenStudy user P can become level 99.

OpenStudy P said he'll repay the medals by giving a down payment of 100 medals to OpenStudy user X and giving him 3 medals each day (the day where he paid down payment is not included) and a 3% interest for each day he cannot reach 1000. How much will he end up paying?

pls help @ParthKohli

Question

OpenStudy user X medal blasted OpenStudy user P and gave him 1000 medals so OpenStudy user P can become level 99.

OpenStudy P said he'll repay the medals by giving a down payment of 100 medals to OpenStudy user X and giving him 3 medals each day (the day where he paid down payment is not included) and a 3% interest for each day he cannot reach 1000. How much will he end up paying?

pls help @ParthKohli

parthkohli · Answer

No one blasted me

parthkohli · Answer

Is that supposed to be compound interest?

parthkohli · Answer

Wake up, Mr. Basallote

dumbcow · Answer

assuming the 3% interest is based on remaining unpaid balance then the interest payments will be the following arithmetic series
--> .03(897 + 894 + ...3) = 4036.5

total payment then is 5036.5

lgbasallote · Answer

@ParthKohli and @rebeccaskell94 pls dont spam and chat in my question

thanks @dumbcow :) stats usually get me >.<

parthkohli · Answer

You weren't responding :|

lgbasallote · Answer

it's weird how the people who actually explains things dont even get medals :C pity pity