. Last week, your friend Jeremy borrowed $200 from a pawn shop operator because he was totally broken. He was to pay the operator $230 after 1 week but missed the payment. At first, you thought this was "no big deal," but then started to realize that the interest was $30 the first week alone and would increase, compounded at the same rate until the total debt was repaid. When your friend told you he would pay off the loan in a year (provided the operator didn't come after him), you gave him the results of your analysis. He was shocked and paid the total amount immediately.

with scenario please