Question

Max Wholesaler borrowed $4500 on 11%, 120-day note after 45 days max paid $1575 on the note 30 days later Max Paid an additional 1003 $150 use ordinary interest determine the total interest is in the U.S. Rule

Answer 1

a) 183.75

b) 386.25

i believe thats right, i am very sorry if i am wrong