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23. Sandra Gloy borrowed $5,000 on a 120 day, 5 percent note. Sandra paid $500 toward the note on day 40. On day 90 she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is: (Points : 2) $4,527.87 $4,725.87 $4,725.70 $4,527.78 None of these
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Asked 4/1/2012 4:14:45 PM
Updated 12/3/2024 1:14:19 PM
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23. Sandra Gloy borrowed $5,000 on a 120 day, 5 percent note. Sandra paid $500 toward the note on day 40. On day 90 she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is: (Points : 2) $4,527.87 $4,725.87 $4,725.70 $4,527.78 None of these
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User:
23. Sandra Gloy borrowed $5,000 on a 120 day, 5 percent note. Sandra paid $500 toward the note on day 40. On day 90 she paid an additional $500. Using the U.S. Rule, her adjusted balance after the first payment is: (Points : 2) $4,527.87 $4,725.87 $4,725.70 $4,527.78 None of these
Weegy:
3800
Expert answered|
mohdi
|Points 0|
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Question
Asked 4/1/2012 4:14:45 PM
Updated 12/3/2024 1:14:19 PM
1 Answer/Comment
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cruz30
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Added 12/3/2024 1:13:55 PM
This answer has been added to the Weegy Knowledgebase
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anthony23
[12/3/2024 11:18:24 PM]
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Questions asked by the same visitor
25. Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is: (Points : 2) $88,008 $80,800 $88,800 $28,800 None of these
Weegy:
$88,800
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Expert Answered
Updated 5/25/2023 12:20:15 PM
1 Answer/Comment
3
Cheruiyot
I=PRT=60000*0.06*8=28800.Total amount due in 8 years is 60000+28800=$88800.
Added 5/25/2023 12:20:15 PM
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