Wednesday

September 17, 2014

September 17, 2014

Posted by **geri** on Wednesday, November 17, 2010 at 2:06pm.

- math -
**Reiny**, Wednesday, November 17, 2010 at 4:48pmI assume you are working with simple interest here.

Rate = I/(PT) = 45/(5000(14/365)) = .2346

or 23.46 %

for the second part, find the interest with a T of 2/12 and add that result to $5000

- math -
**Anonymous**, Sunday, June 2, 2013 at 4:56pmhow did you come to your answer. I don't see anything there.

**Answer this Question**

**Related Questions**

Math - Maya bought a car for $15,000. To pay for it, she took a bank add-on ...

eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...

Loan - Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple ...

Finance - Sauerfood company has decided to buy a new computer system with an ...

Business finance - In a discount interest loan, you pay the interest payment up...

business math - you take out a loan for $20,000 simple interest loan at 4% on ...

math - Five years ago, you bought a house for $151,000, with a downpayment of $...

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...

MATH - Five years ago, you bought a house for $151,000, with a down payment of $...

Real Estate - Smith purchases a home and obtains a $65,000 loan. The principal ...