Johnny borrows $30,000 from Tony at 2% daily interest compounded daily. How much does Johnny owe Tony after 8 weeks? Pick.
A) 30000*0.02^56	B) 30000*1.12	C) 30000*2.12	D) 30000*1.02^56	E) (30000*1.02)^56
A=A= P(1+r100)^n   So, A=30000(1+2/100)^7∗8   So, A=A= 30000(1.02)^56   Hence answer will be (30000*1.02^56)
<result>D</result>
Johnny borrows $30,000 from Tony at 2% daily interest compounded daily. How much does Johnny owe Tony after 8 weeks?