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Algebra
Question

Horacio borrows \(\$ 1000\) and agrees to pay \(\...

Horacio borrows \(\$ 1000\) and agrees to pay \(\$ 100\) plus interest of \(1 \%\) on the unpaid balance each month. Find the payments for the first six months and the remaining debt at the end of that period.

Answer

\(\$ 110 , \$ 109 , \$ 108 , \$ 107 , \$ 106 , \$ 105 ; \$ 400\)

Solution
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