Sally received a demand loan of $17,500 on December 02, 2018 at 18% p.a. simple interest. She made a small repayment of $200 on December 31, 2018 towards the loan, and a larger repayment of $5000 on February 06, 2019. If she cleared the loan on April 13, 2019, what was the size of her final repayment? show me step by step solution please

final answer would be 13,288.47

Answer rating: 100% (QA)

To calculate the size of Sallys final repayment we need to determine the remaining loan balance after the small repayment and the larger repayment Her... View the full answer