Determine the simple interest. 7 p=$1184.81, r=1% per month, t = 4 months 10 7 The simple interest on $1184.81 at 1 % per month for 4 months is 10 (Round to the nearest cent.)
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600Calculate the simple interest earned. Round to the nearest cent. P = $2250, r = 4.00% monthly, t = 4 monthsCalculate the simple interest earned. Round to the nearest cent. P = $3900, r = 5.3%, t = 6 months
- If $2,800 earned simple interest of $43.40 in 6 months, what was the simple interest rate?AlendingcompanyoffersaloanworthPhP24,000withasimpleannualinterestrateof10%foratermof 6 months and to be done in six equal monthly payments. What is the annual percentage rate?Calculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent.
- A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments of $6900 each at the end of month. What interest rate il is being charged?Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months I %: P.V: $ PMT: $ F.V: 0 P/Y: 12 C/Y: 12$1000 is invested in an account for six months. The interest rate is 10 % per annum. Calculate the value of the account after six month using simple interest method. a. b. c. d. $105. $50 $1500 $1050 $115
- Calculate the simple interest earned. Round to the nearest cent. P = $4200, r = 7%, t = 1 yearSuppose you bought a 3 year CD for 22,000 with an APR of 3.76% compounded quarterly. How much interest will you have earned when the CD matures? Round to nearest cent.Complete the following table: Selling price $231,000, Down payment $46,200, Amount mortgage $184,800, Rate 7.00%, Years 15, Monthly payment $1,661.35. What is the interest and principal on first payment? What is the balance at end of month?
