mossanna010
mossanna010 mossanna010
  • 26-08-2022
  • Mathematics
contestada

Andy got a loan of $120 000 from a bank at a rate of 9% per annum.



At the start of the second year Andy made a repayment of $25 000.

Calculate:


(c) the amount of money outstanding at the start of the second year.


(d) the interest that would accumulate on this outstanding amount at the end of the second year.

PLEASE HEEELP​

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