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RaphaelFilgueiras

  • 2 years ago

jhon has a debt of $35000 the payment day is in 16 months,he pretend to pay $12000 at the end of 158 days,and $13000 189 days after the first payment,how much he has to pay in payment day to discharge from debt?the interest rate is 50% in a year.(simple interest)

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  1. RaphaelFilgueiras
    • 2 years ago
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    the answer in book is $2231.95

  2. experimentX
    • 2 years ago
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    50% in year .. 50/360% per day ... perhaps this is step problem.

  3. RaphaelFilgueiras
    • 2 years ago
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    my ans is 28715.69

  4. experimentX
    • 2 years ago
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    a = 35k + 35k*0.5/360 * 158 - 12k b = a + a*0.5/360 * 189 - 13k c = b + a*0.5/360 * (16*30 - 159 - 158) ans

  5. RaphaelFilgueiras
    • 2 years ago
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    32679.9

  6. RaphaelFilgueiras
    • 2 years ago
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    i think the answ is wrong too.

  7. RaphaelFilgueiras
    • 2 years ago
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    for me that $2231.95 is impossible

  8. experimentX
    • 2 years ago
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    http://www.wolframalpha.com/input/?i=25734%2B25734*0.5%2F360*%2816*30-189-158%29

  9. RaphaelFilgueiras
    • 2 years ago
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    but in second line you did not use simple interest

  10. experimentX
    • 2 years ago
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    oh ... on which line?

  11. RaphaelFilgueiras
    • 2 years ago
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    when you calculate b

  12. experimentX
    • 2 years ago
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    oh ... that's because you already paid off 12k ... if you have to pay again interest of 12k then it would be unfair .... is it like fixed deposit loan or what??

  13. RaphaelFilgueiras
    • 2 years ago
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    |dw:1342896895036:dw|

  14. RaphaelFilgueiras
    • 2 years ago
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    @experimentX the answer in book is rigth

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