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  • 26-04-2020
  • Mathematics
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You ask to barrow $800 from your Uncle Raul who decides to charge you 25% monthly interest on the initial amount. Does this arrangement describe simple interest or compound interest?

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giajoe6 giajoe6
  • 26-04-2020

Answer:

Compound interest

Step-by-step explanation:

It accumulates every month

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