Question

Richard has a 180 day loan from his bank to pay for a new swimming pool. His loans maturity value is 30,640 and he is paying 10 % exact interest. How much did he borrow

Answer 1

Answer:

1. A loan is money that you have borrowed and 7. The formula for the amount financed is must repay. the cash price plus the exact interest. 2. A single-payment​ .