You ask to barrow $800 from your Uncle Raul who decides to charge you 25% monthly interest on the initial amount. Does this arrangement desc

Question

You ask to barrow $800 from your Uncle Raul who decides to charge you 25% monthly interest on the initial amount. Does this arrangement describe simple interest or compound interest?

in progress 0
Bella 3 weeks 2021-12-27T10:21:14+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-12-27T10:22:28+00:00

    Answer:

    Compound interest

    Step-by-step explanation:

    It accumulates every month

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )