Johnny borrows $30,000 from Tony at 3% daily interest compounded daily. How much does Johnny owe Tony after 4 weeks?	Choose the correct option
A) 30000*0.02^56 B) 30000*1.12 C) 30000*2.12 D) 30000*1.03^28 E) (30000*1.02)^56
A=A= P(1+r100)^n   So, A=30000(1+3/100)^7âˆ—4   So, A=A= 30000(1.03)^28   Hence answer will be (30000*1.03^28)
<result>D</result>
Johnny borrows $30,000 from Tony at 3% daily interest compounded daily. How much does Johnny owe Tony after 4 weeks?