Homework Clinic
Social Science Clinic => Business => Topic started by: jhjkgdfhk on Jun 24, 2018
-
Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest and amount due she will pay when the note is due.
Question 2
Adam Bergman took out a 3,500 simple interest loan at 12 interest for 18 months. His monthly payment is 213.44. After making payments for 12 months, his balance is 1,236.93. He decides to pay the loan off with his next payment. How much will his final payment be? How much interest will he save?
-
Answer to Question 1
409.50, 4,609.50
Answer to Question 2
1,249.30, 31.34