You have two options available in repaying a loan.You can pay $200 at the end of 5 months and $300 at the end of 10 months or you can pay $X at the end of 3 months and $2X at the end of 6 months.What is X if the simple interest rate is 6% and the focal date is at the end of 5 months.
A)$169.16
B)$168.05
C)$164.22
D)$163.14

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The Answer of You have two options available in repaying a loan.You can pay $200 at the end of 5 months and $300 at the end of 10 months or you can pay $X at the end of 3 months and $2X at the end of 6 months.What is X if the simple interest rate is 6% and the focal date is at the end of 5 months.
A)$169.16
B)$168.05
C)$164.22
D)$163.14

You Have Two Options Available in Repaying a Loan