Posted by **Lisa** on Tuesday, July 6, 2010 at 10:42am.

Need simple interest rate (rounded to hundreths) on a loan of $3500 which in two months the maturity value was $3583. What is the formula to figure this problem?

## Answer This Question

## Related Questions

- Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...
- math - Suppose you borrow $4200 at an annual simple interest rate of 10.5% for a...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....
- mth - Calculate the maturity value of a simple interest, eight-month loan of $...
- MATH - Calculate the maturity value of a simple interest, eight-month loan of $...
- Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...
- business Math - You were offered the opportunity to purchase either a simple ...
- future value for simple interest - a 5000 loan, taken now with a simple interest...
- Math - Pre Algebra - Simple and Compound Interest Find the simple interest. ...
- math/Finance - I want to know the formula to use 1. A 120-day simple discount ...

More Related Questions