Find the balance due on the maturity date of the note. Find the total amount of interest paid on the note. Use the United States Rule.
-Principal: $167
Interest: 12%
Time (days) : 30
Partial payment: $50 on day 20
A) $120.70; $3.70
B) $119.60; $2.60
C) $118.50; $1.50
D) $121.40; $4.40
Correct Answer:
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