Question

Given

Principal 1500
Intrest 6%
Time 240 days
Partial payments for 100th day 7,000
For 180th day 4,000
A. Use the u.s rule to solve for total intrest cost
B. Use the u.s rule to solve the balance after payments for the 100th and 180th
C use the u.s rules to solve final payment

Answer 1

The answer is B. Use the u.s rule to solve the balance after payments for the 100th and 180th