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Abby borrowed $3,000 at 12 3/4% on Sept. 10. The loan is to be due on Jan. 29. Assuring the loan is based on ordinary interest, how much will Abby pay on Jan. 29?
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3000*1.1275= should be right
Abby borrowed $3,000 at 12 3/4% on Sept. 10. The loan is to be due on Jan. 29. Assuring the loan is based on ordinary interest, how much will Abby pay on Jan. 29?
how often is the interest being compounded?
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