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The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 3/4% interest, rose to 9% effective July 1, and increased another ½% effective July 31, what was the principal amount of the loan.
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The problem related to Mathematics and it discuss about calculation of principal amount of a loan
a boat's crew rowed 7.5 miles downstream, with the current, 1.5 hours. the return trip upstream , against the current , covered the same distance, but took 2.5 hours. find the crew's rowing rate in still water and the rate of the current.
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