SOLUTION: In the same credit card, for the month of December, the customer plans to purchase on Dec 05 an item worth PhP 15,000 and make periodic payments of PhP 4,000 every Monday thereaf

Algebra ->  Finance -> SOLUTION: In the same credit card, for the month of December, the customer plans to purchase on Dec 05 an item worth PhP 15,000 and make periodic payments of PhP 4,000 every Monday thereaf      Log On


   

Question 1194971: In the same credit card, for the month of December, the customer plans
to purchase on Dec 05 an item worth PhP 15,000 and make periodic
payments of PhP 4,000 every Monday thereafter. What will be the O/S
Balance on January 01, 2021?
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

H I N T


In the Internet (or from any other source), find a calendar for December 2020.

You may use, for example, this link

https://www.google.com/search?q=calendar+december+2020&rlz=1C1CHBF_enUS910US910&sxsrf=ALiCzsZZNRqaogTqeEH1zmNMk7lH7PqGCA:1655341692548&tbm=isch&source=iu&ictx=1&vet=1&fir=s_fnQXl8Li0C5M%252Cn3iJbzqawKjtJM%252C_%253BXH_D6sMZwrefOM%252CbveZBb0-pTzu8M%252C_%253BDxs2ywPu8xPILM%252CmEe62pnosR0LaM%252C_%253BRsY4nWWdDbsXfM%252CT0lZBtM-c3m3CM%252C_%253BKEB2RMAXcintOM%252CPRts4vi4QELoAM%252C_%253B-EMCZ5abLbBADM%252C4zNzRWrg6oIRFM%252C_%253BqhRdT1__EqW7AM%252CUmdvJP7V0JYSAM%252C_%253B-0RDeCrLqBQ74M%252C_hwBs8c6b6JWNM%252C_%253BRAeSS-hhbPxT0M%252CeQjdYVpfweY-0M%252C_%253BrSRE9oAkuNTQIM%252CPRts4vi4QELoAM%252C_%253Biw-J3kbPgQzEEM%252Cja1w5dExTAdhfM%252C_%253BydK3ePXEi_QBmM%252Ck75-F2WVQEnJdM%252C_%253BTCa8MsiqnoenOM%252CeQgbmsEboCMCqM%252C_%253BMpvYgfIsKCwxGM%252CEG9kaCgDwsifzM%252C_&usg=AI4_-kSiBQvw4KlBzwHWUurfF4u38dYwEw&sa=X&ved=2ahUKEwiPtMOs5LD4AhVTK0QIHTCIC1oQ9QF6BAgDEAE#imgrc=s_fnQXl8Li0C5M

From such source, determine, now many times was Monday this month after Dec, 5.

After that, the solution is more than obvious.