I = Adt; where p = $290 is the Amount of the loan, d = 16% = 0.16 is the discount rate and t = 90days = 90/365 = 18/73 is the period.
I = 290 x 0.16 x 18/73 = 11.44
Interest = $11.44
Proceed = Amount - Interest = 290 - 11.44 = $278.56
Answer:
If there is no interest then $9000
Step-by-step explanation:
-200t represents paying back 200 dollars a month
9000 represents original debt (including interest)
Well the difference is -43 so I'm pretty sure it's gonna be A
The Tenth number percentage