Question

Maturity, using the US rule, the interest calculated from the last partial payment is

Answer 1

Answer:

Step-by-step explanation:In the U.S. Rule, the partial payment first covers the interest and the remainder reduces the principal. In calculating interest in the U.S. Rule from the last partial payment, the interest is subtracted from the adjusted balance. To convert time in days, it is necessary to multiply the time in years times 360 or 365.