Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %....

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Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %....

Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %. Raul paid $3,750 on the note on the 60th day. How much interest did he save by making the partial payment?

The interest saved is ???

(Round to the nearest cent as needed.)

business finance

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Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %....

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Raul Fletes borrowed $7,500 on a 120 -day note that required ordinary interest at 10.31 %....

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