Solution-What was the principal amount of the loan

What was the principal amount of the loan

Reference no: EM13855098

The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 3/4%, rose to 9% effective July 1, and increased another 1/2% effective July 31, what was the principal amount of the loan?

Reference no: EM13855098

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What was the principal amount of the loan : If the variable interest rate started at 8 3/4%, rose to 9% effective July 1, and increased another 1/2% effective July 31, what was the principal amount of the loan?

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What was the principal amount of the loan

Reference no: EM13855098

Reference no: EM13855098

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