If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you pay off your loan?

Answered Same DayDec 20, 2021

Answer To: If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you...

David answered on Dec 20 2021

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If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until
you pay off your loan?
Solution:
First we calculate the amount at the end of 20 weeks
Amount = ( )
Data missing. Monthly installment is not provided.

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If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you pay off your loan?

Answer To: If you borrow $1000 and after 20 weeks you owe $1100 at 9% annually, how many weeks remain until you...

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