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OpenStudy (anonymous):
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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OpenStudy (anonymous):
3000*1.1275= should be right
OpenStudy (anonymous):
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?
OpenStudy (anonymous):
how often is the interest being compounded?
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