Megan was charged $124.83 interest on her bank loan for the period September 18 to October 18.

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Megan was charged $124.83 interest on her bank loan for the period September 18 to October 18. If the rate of interest on her loan was 8.25%, what was the outstanding principal balance on the loan during the period?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:09 AM

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Megan was charged $124.83 interest on her bank loan for the period September 18 to October 18.

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Business Mathematics In Canada

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