Restaurant Loan The Sweet Tooth Restaurant borrowed $3000
Chapter 11, Problem 11.1.125(choose chapter or problem)
Restaurant Loan The Sweet Tooth Restaurant borrowed $3000 on a note dated May 15 with simple interest of 11%. The maturity date of the loan is September 1. The restaurant made partial payments of $875 on June 15 and $940 on August 1. Find the amount due on the maturity date of the loan.
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