Question

You took out a loan of $5,000 on May 2 and went back on June 15 to make a payment of $1,200. The loan was at 4% for 1 year. What was your remaining balance after making that payment? Assume an exact year.

Answer 1

Judging from the large number of questions you've posted without any indication of your ideas, it looks like you're not learning anything in this class.

Please post your attempts or ideas about how to solve these.

Answer 2

I have tried every single problem and got inaccurate answers. Just trying to make sure if they're right or not.

Answer 3

Please post what you've done that produced inaccurate answers. We can point out where you've going wrong.