In calculating interest in the U.S. Rule from the last partial payment, the interest is subtracted from the adjusted balance.

Name: In calculating interest in the U.S. Rule from the last partial payment, the interest is subtracted from the adjusted balance.
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In the U.S. Rule, interest is calculated on the principal balance up to the date of the last payment, and any payment is first applied to interest before reducing the principal balance.

In Calculating Interest in the U