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Village Finance Co. advanced three loans to Kamiko as follows: $2200 on June 23, $1800 on August 5, and $1300 on October 31. Simple interest
Village Finance Co. advanced three loans to Kamiko
as follows:
$2200 on June 23, $1800 on August 5, and $1300 on October 31.
Simple interest at 14.5% pa was charged
on all three loans, and all were repaid
on December 31 when some bonds that she owned matured. What total amount
was required to pay off the loans?
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