SOLUTION: Anne borrows $1000 and agrees to pay $100 plus 1% interest if 1% on the unpaid balance each month. Find the payments for the first 6 months and the remaining debt at the end of th
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Question 184172: Anne borrows $1000 and agrees to pay $100 plus 1% interest if 1% on the unpaid balance each month. Find the payments for the first 6 months and the remaining debt at the end of this period. Answer by edjones(8007) (Show Source):
You can put this solution on YOUR website! 100+1000*.01=110
100+900*.01=109
100+800*.01=108
+107+106+105
$400 balance at the end of 6 months.
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Ed
