Mark Became Overextended in His Gambling Debt and Could Not

question 150

Multiple Choice

Mark became overextended in his gambling debt and could not pay $750 he owed. The loan person said he could have five weeks to pay off the $750 at 8% interest per week compounded continuously. How much will Mark have to pay at the end of the five weeks? Please round the answer to the nearest hundredth.

• A) $1,118.87
• B) $1,119.07
• C) $1,119.02
• D) $1,118.97
• E) $1,118.92

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