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Sagot :
Answer:
Step-by-step explanation:
(bal - pymt) = (amt chrged on * rate) = interest charged
650 300 350 0.01167 4.0845
354.08 50 304.08 0.01167 3.5486136
307.63 50 257.63 0.01167 3.0065421
260.64 50 210.64 0.01167 2.4581688
213.1 50 163.1 0.01167 1.903377
165 50 115 0.01167 1.34205
total interested charged (add the column) 16.3432515
(yes I cheated and used a spread sheet :) )
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