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RaphaelFilgueiras

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)

  • one year ago
  • one year ago

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  1. RaphaelFilgueiras
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    the answer in book is $2231.95

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

    • one year ago
  3. RaphaelFilgueiras
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    my ans is 28715.69

    • one year ago
  4. experimentX
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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

    • one year ago
  5. RaphaelFilgueiras
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    32679.9

    • one year ago
  6. RaphaelFilgueiras
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    i think the answ is wrong too.

    • one year ago
  7. RaphaelFilgueiras
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    for me that $2231.95 is impossible

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

    • one year ago
  9. RaphaelFilgueiras
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    but in second line you did not use simple interest

    • one year ago
  10. experimentX
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    oh ... on which line?

    • one year ago
  11. RaphaelFilgueiras
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    when you calculate b

    • one year ago
  12. experimentX
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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??

    • one year ago
  13. RaphaelFilgueiras
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    |dw:1342896895036:dw|

    • one year ago
  14. RaphaelFilgueiras
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    @experimentX the answer in book is rigth

    • one year ago
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