A credit card company charges 1.5% each month on the outstanding balance of a loan.Peter borrows $3000 on January and repays $300 on the first day of each monthOn which date does he pay off the debt?Thanks!

A credit card company charges 1.5% each month on the outstanding balance of a loan.Peter borrows $3000 on January and repays $300 on the first day of each monthOn which date does he pay off the debt?Thanks!
A credit card company charges 1.5% each month on the outstanding balance of a loan.
Peter borrows $3000 on January and repays $300 on the first day of each month
On which date does he pay off the debt?
Thanks!

A credit card company charges 1.5% each month on the outstanding balance of a loan.Peter borrows $3000 on January and repays $300 on the first day of each monthOn which date does he pay off the debt?Thanks!
每个月扣掉300后加上1.5%,如此继续,知道金额小于0

在1月10号可以还清债务
On the January tenth day he pay off the debt