asked 209k views
1 vote
A company offering short term loans agrees to lend Nick $1,200. The amount (plus interest) is repayable in one year, and the interest 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.

2 Answers

3 votes

Answer:

Explanation:

answered
User Alex Kolovatov
by
7.5k points
6 votes
1214.4
have a good day!
answered
User Manabu
by
8.0k points
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