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On February 4th John borrowed Ksh 3,000/= at 11%. He paid Ksh.1,000/= on April 21st , Ksh 600/= on may 12thand Ksh 700/= on June

On February 4th John borrowed Ksh 3,000/= at 11%. He paid Ksh.1,000/= on April 21st , Ksh 600/= on may 12thand Ksh 700/= on June 11th .

What is the balance due on August 15thusing the Merchant's Rule?

What is the balance due on August 15thDeclining Balance Method?

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