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Shawn Bixby borrowed $37,000 on a 150-day, 10% note. After 70 days, Shawn paid $4,000 on...

Shawn Bixby borrowed $37,000 on a 150-day, 10% note. After 70 days, Shawn paid $4,000 on the note. On day 101, Shawn paid an additional $6,000. Use ordinary interest.

a. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)

Total interest             $   

b. Determine the ending balance due use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)

Ending balance due            $   

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Answer #1

money borrowed :$ 37.000 ... Rate of interest - 100% Interest of 70 days. 3700 x [ox 70 Lo X360 5719.444 ☺ Fence - Amount atOn day lol Ice: after (2001 - 20) = 31 days - Interest - PRI L . (00 - 337 19:48_10%:32 tox360 - Total = 2905:361018 2726 Amo(b) Ending balance -32800 9.006324156+381.2445861196 a $ 28391.05

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