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How much interest did sharmaine pay on the loan

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Question: Sharmaine took out a $10,000 demand loan at 3.1% simple interest. On Oct 29, 2023, the interest rate changed to 2.3% simple interest and on December 31, 2023, the interest rate changed to 2.7%. Sharmaine repaid the loan on January 3, 2024. How much interest did Sharmaine pay on the loan? ** Provide 3 solutions here from the (a) interest from Aug 27 to Oct 29; (b) interest from Oct 29 to Dec 31; (c) interest from Dec 31,2023 to Jan 2,2024. Lastly, (d) sum the total interest. Your answer

Reference no: EM133659673

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