Question

Bill Moore is buying a used Winnebago. His April monthly interest at 10% was $128.

What was Bill’s principal balance at the beginning of April? (Use 360 days a year. Do not round intermediate calculations. Omit the "$" sign in your response.)

Answer 1

Principal $ 15,360

Explanation:
$128 = $128 = $15,360
0.10 × 30 / 360 0.00833

Answer 2

Principal $ 15,360

Explanation:
$128 $128
_______________ =________ =$15,360
0.10 × 30 / 360 0.00833

Answer 3

2/10, n/30 $1125 find complement and net amount paid