How much will pay the pawnshop after ninety days

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Problem 1: Nora invested ?1,800.00 for 9 months at 1% per month. How much will she get upon maturity? How much interest did she earn? (Show your solution)

Problem 2: The Villarica Pawnshop charges 24% simple interest on the loan value of all items pawned to them. If Rose pawned her necklace for ?1,200.00, how much will she pay the pawnshop after 90 days assuming Villarica Pawnshop charges exact interest? The Villarica Pawnshop charges 24% simple interest on the loan value of all items pawned to them. If Rose Pawned her necklace for ?1,200.00, how much will she pay the pawnshop after 90 days assuming Villarica Pawnshop charges ordinary interest? (Show your solution)

Reference no: EM132836600

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