Homework Help: Business Math

Posted by Liz on Sunday, January 29, 2012 at 1:57pm.

Janet Jones borrowed $3,000 on 90-day 12 percent note. Janet paid $250 toward the note on day 35. On day 80 she paid an additional $400. Using the U.S. Rule her adjusted balance after her first payments is:
Answer: $2,785
Please do step by step. Thank you.

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