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?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your 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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » 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?