anonymous
  • anonymous
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)
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
the answer in book is $2231.95
experimentX
  • experimentX
50% in year .. 50/360% per day ... perhaps this is step problem.
anonymous
  • anonymous
my ans is 28715.69

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experimentX
  • experimentX
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
anonymous
  • anonymous
32679.9
anonymous
  • anonymous
i think the answ is wrong too.
anonymous
  • anonymous
for me that $2231.95 is impossible
experimentX
  • experimentX
http://www.wolframalpha.com/input/?i=25734%2B25734*0.5%2F360*%2816*30-189-158%29
anonymous
  • anonymous
but in second line you did not use simple interest
experimentX
  • experimentX
oh ... on which line?
anonymous
  • anonymous
when you calculate b
experimentX
  • experimentX
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??
anonymous
  • anonymous
|dw:1342896895036:dw|
anonymous
  • anonymous
@experimentX the answer in book is rigth

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