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What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?
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What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?

User Honinbo Shusaku
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1 Answer

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you should find the interest (29% equals to 29/100)
29% X1700=493
So you have to pay $493 on top of $1700
total : 1700+493=2193
User Hscasn
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