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Find the simple interest on a loan

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Question - An invoice of $7,000 is sent to Beverly's Beauty Shop on August 1 with terms 5/10. net 30. Beverly pays $3,000 on August 6. How much must she pay at the end of the month?

Using the same given earlier, how much did Beverly save by making an early partial payment?

Find the simple interest on a loan of (a) $500 at 8.25% for 1 year, (b) $2,000 at 16.5% for 30 months and (c) $1,200 at 10.82% for 6 months.

Reference no: EM133157244

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