Raul Fletes borrowed ​$7,500 on a 270​-day note that required ordinary interest at 11.58​%. Raul paid ​$3,750 on the note on the 225th day. How much interest did he save by making the partial​ payment?

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A:

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A: In this we have to calculate the interest of both and than get the remaining interest.

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A: Simple Interest formula is  Amount = Principal + (Principal*rate*time)

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A:

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