Maya received a demand loan of $20,500 on January 15, 2020 from her bank at 12% p.a.
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Maya received a demand loan of $20,500 on January 15, 2020 from her bank at 12% p.a. simple interest. On April 12, 2020, she made a repayment of $5000 towards the loan and on July 16, 2020, she made a small repayment of $150. She will clear the rest of the loan on September 15, 2020. Calculate the size of her last repayment to clear 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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