$5000 was borrowed at 2.5% on March 1. On April 1 and June 1, the borrower made...
Question:
$5000 was borrowed at 2.5% on March 1. On April 1 and June 1, the borrower made payments of $2000 each. What payment was required on August 1 to pay off the loan's balance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
March 1st principal 5000 rate of intrest 25 april 1st Amount 5...View the full answer
Answered By
Anubhav Gautam
My tutoring experience in freelancing math department is only about 3 months. At first it was very intimidating to step into a helping students with there problem. After getting acquainted with the students, and procedures, I felt more comfortable in really motivating the students to do their work. It was then that I felt that I was a positive presence in the online classes. Some of the positive effects I hoped to instill in the student that help them to become more motivated in their life and to seek help when needed on difficult material they did not understand by requesting more help from me. Their questions seem to signify that they were really trying to do their work. In helping them, I felt like an active force in furthering their education.
0 Reviews
10+ Question Solved
Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
