Jose took out a 140 day loan for $463starting on January 7 at a simple interest rate of
15.2%. He then made a $100 payment on February 25 and another $150 payment on April 21.
After making the payment on February 25, he had paid $____in interest and $___toward principle leaving a new principle of
$____.
After making the payment on April 21, he paid an additional $____ in interest and $____ toward principle leaving a new principle of $_____.
On the due date of May 27May 27 he would owe $____ to pay off the loan.
Please help me...
15.2%. He then made a $100 payment on February 25 and another $150 payment on April 21.
After making the payment on February 25, he had paid $____in interest and $___toward principle leaving a new principle of
$____.
After making the payment on April 21, he paid an additional $____ in interest and $____ toward principle leaving a new principle of $_____.
On the due date of May 27May 27 he would owe $____ to pay off the loan.
Please help me...