$7000 + $7000(.08)(30/360) - $3000 = $4046.67
Mathematics Question: Maryam pays $3000 on the 30th day of a $7,000, 120-day, and 8% loan. What is the adjusted principal after the partial payment is made if ordinary interest is applied?
Who cares if its their homework?!?! If you're a millionaire why are you sitting on here answering these kinds of questions? Go be productive with your millionaire status you weirdo! If a student can ask a classmate to help in class than why is this any different?
Why are you asking questions that sound like your homework because if it is your homework you will just get more idiotic if you don't do it yourself. Believe me... I have a company and am millionaire and I didn't get this way from slacking off.
