Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
1) personal loan of $6000 is taken from someone on 20 august 2015. he is charged a simple interest rate of 8%. find the amount paid on 15 december...
A=R[〖1-(1+i)〗^(-n)/i]
Where
R = Periodic payment
i = Periodic interest rate
n = Investment period
S = Future value of annuity after interest periods
Interest = Amount Given - Present Value
I = nR-A
