Posted by **jon** on Sunday, January 9, 2011 at 6:13pm.

The tooal amount of interest on a loan of 6,000 for 150 days is 210.50.using the ordinary interest(360 days)method,what is the rate of interest on the loan.Round off answer to the nearest hundredth.

I think it is 8.42%

Darrell owns a consulting business and has an estimated annual income of 63,000.His Social Security tax is 12.4%,Medicare is 2.9%,and his estimated federal income tax rate is 22%.How much quarterly estimated tax must Darrell send to the IRS for the first quarter?

I have 5,874.75

Could someone check these to see if I am right.

## Answer This Question

## Related Questions

- math - The total amount of interest on a loan of $6,000 for 150 days is 210.50....
- math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
- math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
- business mathmatics - the total amount on a loan of 6,000 for 150 days is 210.50...
- Business Math - Find the amount of the principal on a loan at 6% interest for ...
- math - the total amount of interest on this loan of $6000 for 150 days is $210....
- math - Jefferson Bank made a loan at 6% interest for 146 days. If the amount of ...
- math - Suppose that you took out a loan at 7% interest for 192 days. If the ...
- Business Math - Joyce took out a loan for $21,900 at 12 percent on March 18, ...
- Math - Find the amount of the principal on a loan at 6% interest for 274 days if...

More Related Questions