contestada

Suppose you borrow $200 from a payday lender for one week at a weekly rate of 10%. You'll obviously owe $220 at the end of a week. If you are unable to repay the loan, however, the lender will say that you now owe not only $220 but also 10% of that $220 at the end of the second week. How much will you owe by the end of the second week?

Respuesta :

Answer:

$242

Step-by-step explanation:

The reason why is obvious, what is 10 percent of 220? To find that, you need to multiply .10 and 220, and that equals 22.  220+22 equals 242, so that is why you will owe the payday lender 242 dollars by the end of second week.  

Otras preguntas