# Math Help - U.S. Rule

1. ## U.S. Rule

apply us rule to determine the balance at maturity and the total interest paid if the remainder of the loans is paid at maturity.
principal= $10,500 interest rate=9.5% loan length in days=240 partial payment=$4,620
payment on day #=96

I have no idea how to do this problem or what this rule is.....can anyone help please...........

2. ## Re: U.S. Rule

US Rule for Partial Payments