Jolie received a demand loan for $8000 from her bank on February 16, 2017 at 6% p.a.
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Jolie received a demand loan for $8000 from her bank on February 16, 2017 at 6% p.a. simple interest. On May 23, 2017, the interest rate on the loan decreased to 5.75% p.a. and she settled the loan on July 14, 2017. Calculate the total interest paid on the loan.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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