math4finance
General
Algebra
Geometry
Coordinate-geometry
Statistics
Calculus
math4finance
math4finance
Home
General
Algebra
Geometry
Coordinate-geometry
Statistics
Calculus
MATH SOLVE
Home
General
Sandra Gloy borrowed $5,000 on a 120-day 5% note. Sandra paid $500 toward the note on day 40. On day...
9 months ago
Q:
Sandra Gloy borrowed $5,000 on a 120-day 5% note. Sandra paid $500 toward the note on day 40. On day 90 she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is:
Accepted Solution
A:
$5,000-500=4,500
4,500-500=4,000