Mathematics, 03.10.2021 04:00, FavvBella84
PLEASE HELP AND HELP ME UNDERSTAND THIS PROBLEM
I decided to take out a 90 day, simple interest loan on March 11th for $2500 with an annual interest rate of 7%. On April 10th, I made a partial payment of $1000.
A. When is my loan due?
B. How many days passed before I made my partial payment?
C. What is the amount of interest that I owed when I made my partial payment?
D. What is the total amount that I had to pay the bank when my loan was due?
Answers: 1
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PLEASE HELP AND HELP ME UNDERSTAND THIS PROBLEM
I decided to take out a 90 day, simple interest lo...
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