SOLUTION: George finds a company that charges 59¢ per day for each
$1,000 borrowed. If he borrows $3,000 for 60 days, what
amount will he repay, and what annual interest rate will he
Algebra.Com
Question 1189101: George finds a company that charges 59¢ per day for each
$1,000 borrowed. If he borrows $3,000 for 60 days, what
amount will he repay, and what annual interest rate will he
pay the company?
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.
It depends if the loan is simple interest or compounded interest.
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