paid on July 5

Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate?

A: We find the simple interest rate when maturity value of a 3-month loan of $4000 is $4085.

Q: What is the simple interest rate of $290, 12.5%, 6 months

A:

Q: Laurie Carron borrowed $16,000 at 14% ordinary interest for 88 days. On day 30 of the loan, she made…

A: Given that, the loan amount is $16,000, rate of ordinary interest is 14%, duration of the loan is 88…

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: Calculate the simple interest due on a 45-day loan of $3500 if the annual interest rate is 8%.…

A: Follow the procedure given below.

Q: What corresponding discount rate equivalent to 10.45% interest rate for 15 months?

A: We can find the answer as below.

Q: On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compounded…

A: Given that, Amount deposited on January 1, 2022 = 15000 rate (r) = 2.5% compounded monthly, So, n=12…

Q: On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.3% per annum calculated on the…

A: Given,          Balance before payment=$1,070.00                            Amount Paid=$160.00…

Q: A local dealership in Toronto, is selling a new compact car for $ 26,599.00, plus HST tax. If you…

A: According to question given thatNew compact car selling price=$26,599.00Down payment=$2,300Remaining…

Q: Susan Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

A:

Q: Determine the total amount of a loan of $5400 at a simple interest rate of 2.1% for 8 years.

A: We have to find the total amount of loan at a simple interest. We know that in a simple interest,…

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

A:

Q: nds are due December 3: nnual interest rate, pay

A: It is given that brodie corporation acquired bonds with a par value of $600,000 for $628,800 on…

Q: Paula Jan borrowed Php 3,450 for 1 year and 3 months at 18% simple interest. What is the maturity…

A:

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: An initial investment of $10,900 was deposited into a term deposit on July 11th. If the interest…

A: Find the maturity value

Q: Scarlet Company received an invoice for $62,000.00 that had payment terms of 3/5 n/30. If it made a…

A: Given Invoice amount = $62,000.00 Payment terms 3/5 n/30 Partial payment = $17,700.00

Q: The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: Given that, The all-new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his…

Q: Determine the accumulated amount using exact simple interest on P1,000 for the period from January…

A: Given: P= P1, 000 i=15%

Q: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

A:

Q: What is the simple interest due on a 120-day loan of Php7000 if the annual interest rate is 5.25%?

A:

Q: Scarlet Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

A:

Q: Compute bank discount using: $12,000; 13%; 120 days ordinary interest  proceeds  effective…

A: Given query is to find the ordinary interest  proceeds  effective interest rate.

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: What is the maturity value (in Php) for a loan of Php 616.921 at 6.3% interest for 6 months? (Hint:…

A:

Q: Find the ordinary interest and exact interest both approximate respectively on Php 6,025 at 6 1/4%…

A: To find the ordinary interest and exact interest both approximate from November 20, 1989 to April 6,…

Q: Mark borrowed 65, 000 php from Rhenz under the following conditions: simple interest rate of 2.5%;…

A:

Q: At what simple interest rate (in 4 decimals) will you have an interest of PhP 756 and a maturity…

A:

Q: Find the Maturity Value of a loan of 18,000 made for 2 years at 8% simple interest.

A:

Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

A:

Q: After making payments of $901.10 for 9 years on your 30 year loan at 8.3%, you decide to sell your…

A:

Q: Calculate the total amount due after seven years on a loan of $3300 with 8% simple interest.

A:

Q: On April 8, Manuel borrowed S700.00 from his uncle at 5.6% per annum calculated on the daily…

A: It is given that the amount borrowed is $700 at an interest rate of 5.6% pa. Amount to be repaid…

Q: What amount should be paid on January 13, 2016 for a loan of 16,000 pesos made on July 7,2015 at 8%…

A:

Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: Loan is taken on 7th July, 2015 and and needed to be paid on 13th January. So, total number of days…

Q: Find the simple interest on a loan of $13,500 at 8.2% interest for 8 months

A:

Q: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

A:

Q: Find the maturity value and the amount of simple interest earned. Round to the nearest cent. 2)…

A: Recall the following fact.

Q: Central Auto Parts borrowed $550,000 at 9% interest on July 12 for 120 days.   (A) If the bank uses…

A: Given that, Central Auto Parts borrowed $550,000 at 9% interest on July 12 for 120 days. (A) The…

Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…

A: Future  value equation is  F=P(1+i)n, where F stands for future value of a product. P stands for…

Q: What amount should be paid on January 13, 2016 for a loan of 16,000 pesos made on July 7,2015 at 8%…

A: Principle (P) = 16,000 pesosInterest rate (I) = 8%Time (T) = 6 months and 6 days = 6+630monthsTime…

Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: Determine the simple interest earned on $⁢22,500 after 15 years if the APR is 14%

A:

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

A:

Q: You take out a 65-day single-payment loan for $609 with an interest rate of 21%. What is the amount…

A:

Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate (%)? (1…

A: We know that          Simple Interest =   ( P × r × t ) ÷ 100       where    P = Principal value…

Q: Kamal took a loan for RM720 on 30 November 2020 and this would amount to RM750 on 20 February…

A: