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View Full Version : Interest Saved


mitchw1990
May 9, 2016, 01:56 PM
Raul Fletes borrowed $10,000 on a 240 day note that required ordinary interest at 11.59%. Raul paid $5000 on the note on the 160th day. How much interest did he save by making the partial payment?

Curlyben
May 9, 2016, 02:00 PM
What do YOU think ?
While we're happy to HELP we wont do all the work for you.
Show us what you have done and where you are having problems..

ma0641
May 9, 2016, 05:01 PM
160/240 and go from there.