menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 6: Simple Interest
  5. Question
    Two Equal Payments, 50 Days and 150 Days After the Date
Solved

Two Equal Payments, 50 Days and 150 Days After the Date

Question 86

Question 86

Short Answer

Two equal payments, 50 days and 150 days after the date of the loan, paid off a $3000 loan at 8.25%. What was the amount of each payment?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q81: How much will have to be deposited

Q82: How many days would it take for

Q83: How much money would have to be

Q84: Carly borrowed $2,500 from Clare on July

Q85: A five-month term deposit of $10,000 at

Q87: What annual simple interest rate would be

Q88: At what simple annual interest rate would

Q89: Determine a) whether the earlier or later

Q90: A karate club offers two payment plans

Q91: Calculate the amount of interest owed on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines