Belinda borrowed $23,500 at simple interest rate of 5.70% p.a. from her parents to start a...

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Belinda borrowed $23,500 at simple interest rate of 5.70% p.a. from her parents to start a business. At the end of 4 months, she paid them $3,800 and $2,700 at the end of 9 months. How much would she have to pay them at the end of 14 months to clear the balance? Use 'now' as the focal date. Belinda borrowed $23,500 at simple interest rate of 5.70% p.a. from her parents to start a business. At the end of 4 months, she paid them $3,800 and $2,700 at the end of 9 months. How much would she have to pay them at the end of 14 months to clear the balance? Use 'now' as the focal date.

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The image contains a math problem that we need to solve step by step Below is the problem statement and the solution process Belinda borrowed 23500 at a simple interest rate of 570 per annum from her ... View the full answer