Malinda Levi borrows 90 day note. On the 30th day, Malinda pays on the note. If ordinary interest is applied, what is Malinda’s adjusted principal after the partial payment? What is the adjusted balance due at maturity?
To find Malinda's adjusted principal after the partial payment, we need to subtract the payment amount from the original principal.
First, we need to know the original principal amount of the note. This information is missing from the question. Once we have the original principal amount, we can subtract the payment amount made by Malinda on the 30th day.
Similarly, to find the adjusted balance due at maturity, we need to know the original principal amount and subtract the payment amount made on the 30th day.
Please provide the original principal amount and the payment amount made on the 30th day for a more accurate answer.