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Belinda borrowed $22,500 at simple interest rate of 5.40% p.a. from her parents to start a business. At the end of 4 months, she paid
Belinda borrowed $22,500 at simple interest rate of 5.40% p.a. from her parents to start a business. At the end of 4 months, she paid them $6,200 and $2,800 at the end of 5 months. How much would she have to pay them at the end of 14 months to clear the balance? Use 'now' as the focal date.
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