SOLUTION: Cris Adolfo borrowed php 80000 at 10.4% simple interest for 130 days. On day 40, July 3, of the loan, he made a partial payment of php 12500. He made another payment of php 14,500

Question 1166960: Cris Adolfo borrowed php 80000 at 10.4% simple interest for 130 days. On day 40, July 3, of the loan, he made a partial payment of php 12500. He made another payment of php 14,500 that pays php 790.68 of intetest.
a. When did Cris made the second partial payment?
b. How much is being paid to his loan in his partial payment?
c. How much does he need to pay on the due date?

Answer by ikleyn(52793) (Show Source): You can put this solution on YOUR website!
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