document.write( "Question 1086159: Miguel borrowed $10,000 at 6% ordinary interest for 120 days. After 40 days, he made a partial payment of $2,500. What is the final amount due on the loan?
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Algebra.Com's Answer #700328 by rapture(86)![]() ![]() You can put this solution on YOUR website! Use the following formulas:\r \n" ); document.write( "\n" ); document.write( "I = PR(days/360)\r \n" ); document.write( "\n" ); document.write( "When you find I, plug it into \r \n" ); document.write( "\n" ); document.write( "F = P + I to find the final amount to be paid.\r \n" ); document.write( "\n" ); document.write( "I = interest\r \n" ); document.write( "\n" ); document.write( "P = the amount borrowed\r \n" ); document.write( "\n" ); document.write( "R = the given percent \n" ); document.write( " |