Question: Henry borrows $1075 at 11% simple interest. He makes a partial payment of $150 at the end of 7 month(s), and a partial payment of

Henry borrows $1075 at 11% simple interest. He makes a partial payment of $150 at the end of 7 month(s), and a partial payment of $300 at the end of 11 months. Determine the amount required to settle the debt at the end of 17 months using (a) Merchant's Rule and (b) U.S. Rule. (a) Merchant's Rule: $ (b) U.S. Rule: $

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