A company offering short term loans agrees to lend Nick $1,200. The amount (plus interest) is repayable in one year, and the int

Question

3 years ago

14

A company offering short term loans agrees to lend Nick $1,200. The amount (plus interest) is repayable in one year, and the int

erest rate is 12% per month. What is the total amount that must be repaid? Give your answer in dollars to the nearest dollar. Do not include commas or the dollar sign in your answer. For example if your answer is $1,234.56 enter 1235.

Mathematics

1 answer:

Zarrin [17] · Answer 1 · 2022-08-30T20:23:05+03:00

Zarrin [17]3 years ago

3 0

1214.4
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