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3 We made the following purchases at a store in 2 0 2 3 : 5 0 0 on March 1 st; 2 0 0

3 We made the following purchases at a store in 2023:
500 on March 1st;
200 on April 10th;
250 on June 19 th.
We then made the following payments to the store: (1)200 on March 21 st, and (2)200 on April 15th. When will a single payment of 550 discharge the balance? (Assume June 19th is the comparison date and a simple rate of interest of 8% applies.)
(a)11March
(b)19 March
(c)2 April
(d) none of the above.
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