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melamori03 [73]
3 years ago
6

Sam is getting ready for a big date when he realizes that he has no money. his roommate, Bill, also has no money, but he has a c

redit card. knowing that nobody will let Sam use Bill's credit card, Sam asks Bill to put out a cash advance for $120.00. Bill agrees under the condition that Sam is responsible for all interest that accrues on the cash advance which is 30% interest rate, compounded monthly. The $120 cash advance is repaid in monthly installments over 5 years. How much should Bill ask Sam to pay in interest for the cash advance?
Mathematics
2 answers:
tiny-mole [99]3 years ago
8 0

Answer:

b 112.80

Step-by-step explanation:

took test on edge

enyata [817]3 years ago
7 0

Answer:

$112.80

Step-by-step explanation:

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Step-by-step explanation:

Sum of the price: A + B = 2185

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So, replace the B:

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