James Co. borrowed $1,200 on a 90-day, 11% note. After 15 days. James paid $200 toward the

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James Co. borrowed $1,200 on a 90-day, 11% note. After 15 days. James paid $200 toward the note. James made an additional payment of $150, 40 days later. What is the final balance due and total interest for the U.S. Rule? Use ordinary interest.

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Jun 03, 2019 05:04 AM

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James Co. borrowed $1,200 on a 90-day, 11% note. After 15 days. James paid $200 toward the

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Business Math

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