Ebony S.

asked • 02/26/17

two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how you came to your answer

Trying to find compound interest Determine the interest that would be charged on a two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how you came to your answer.
 

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