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Jonny borrows $30,000 from Tony at 2% daily interest compounded daily.

Tuesday 18 October 2016, by alanforde800Maximus

Johnny borrows $30,000 from Tony at 2% daily interest compounded daily. How much does Johnny owe Tony after 8 weeks? a) 30000*0.02^56 b) 30000*1.12 c) 30000*2.12 d) 30000*1.02^56 e) (30000*1.02)^56 Please assist with above problem.

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