Question

Melissa Borrows $1000 on May 8 at 18.5% simple interest. She pays $500 on July 17 and $400 on September 29. What is her balance on October 31 by the merchant's rule? by the United States rule?

Dec 14, 2011

Related Questions

Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how mu... Can someone help me i need the answer quick Ian borrows $3580 at 31% simple interest per year. W... use the formula I=PRT/100 b. Find the annual rate of interest carned K4 7O0 carns K998.75 simple i...