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Belinda borrowed $18,500 at simple interest rate of 4.40% p.a. from her parents to start a business. At the end of 3 months, she paid
Belinda borrowed $18,500 at simple interest rate of 4.40% p.a. from her parents to start a business. At the end of 3 months, she paid them $5,200 and $3,200 at the end of 6 months. How much would she have to pay them at the end of 18 months to clear the balance? Use 'now' as the focal date.
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