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ikrabbe ikrabbe
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6 years ago
Marty took a $5000 loan from a financial institute at a rate of 6%, which should be repaid in two equal installments of $2575.25 made every 4 months. How much more interest would have been paid, had Marty paid it in a single installment after 8 months?
A) $75.25
B) $150.50
C) $200
D) $49.50
E) $0
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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