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Balance due on august 15th declining balance method

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On February 4th John borrowed Ksh 3,000/= at 11%. He paid Ksh.1,000/= on April 21st , Ksh 600/= on may 12th and Ksh 700/= on June 11th .

What is the balance due on August 15th using the Merchant's Rule?

What is the balance due on August 15th Declining Balance Method?

Reference no: EM132608801

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