Asked by oscar

Kit borrowed $15,500 at 11% ordinary interest for 120 days. After 70 days, she made a partial payment of $3,000. What is the final amount due on the loan?

Answers

Answered by Kuai
Interest simple = 15500* .11*70/360

15500+ 15500* .11*70/360 - 3000 = ?
Answered by tanisha
. $13,027.57
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