Solve the problem.
-On March 8, you sign a $5000 note with simple interest of 10% for 240 days. You make partial Payments of $1300 on May 26 and $2300 on July 31. How much will you owe on the date of Maturity?
A) $1627.77
B) $1626.95
C) $1621.25
D) $1611.09

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-On March 8, you sign a $5000 note with simple interest of 10% for 240 days. You make partial Payments of $1300 on May 26 and $2300 on July 31. How much will you owe on the date of Maturity?
A) $1627.77
B) $1626.95
C) $1621.25
D) $1611.09

Solve the Problem. -On March 8, You Sign a $5000 Note with Simple