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You borrow $384 from a Loan Shark, there is an interest rate of 5%. That rate makes your payment larger every month that you miss. You haven't paid your Loan Shark in 4 months, how much do you owe them
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You borrow $384 from a Loan Shark, there is an interest rate of 5%. That rate makes your payment larger every month that you miss. You haven't paid your Loan Shark in 4 months, how much do you owe them in total?

User GameDroids
by
5.4k points

1 Answer

5 votes

Answer:

You owe them $441.60

Explanation:

384 + 15% = 441.6

User Bnussey
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