Short Answer
A $1000 loan at 3% was repaid by two equal payments made 30 days and 60 days after the date of the loan. Determine the amount of each payment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: On what date was a $1000 loan
Q4: Susan wants a 120-day extension on a
Q5: How much money would I have to
Q6: Calculate the missing values:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate
Q7: Sam earned $650 on an investment deposited
Q9: Sharon's $9,000 term deposit matured on March
Q10: Ace Furniture will give you 8 months,
Q11: Grandma Jones has $300,000 in a bank
Q12: Cecille placed $17,000 in a 270-day term
Q13: What was the simple interest rate if