The $1000 principal amount of a loan was repaid on March 13, 2011 along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, what was the repayment date?

Question

Quizplus · Accepted Answer

The Answer of The $1000 principal amount of a loan was repaid on March 13, 2011 along with accrued interest in the amount of $49.42. If the interest rate on the loan was 11%, what was the repayment date?

The $1000 Principal Amount of a Loan Was Repaid on March