Saturday
April 19, 2014

Homework Help: business math

Posted by Shadow of me on Thursday, June 30, 2011 at 4:24am.

Term of Loan/Date of Loan using Banker's Rule?
I need helps in solving this question. I have to submit it by today.Tq
On 4 Oct 2010, Alia paid $8200 for his loan of $8000 made on a certain date. If the simple interest rate was 5%, determine:
a)the term of the loan
b)the date of the loan using Banker's Rule

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Maths - May. 10, 2010, Leven Corp. negotiated a short-term loan of $705...
Finance - You have arranged for a loan on your new car that will require the ...
math - You have a loan for $150,000 at 5% on a 30-year mortgage. You plan to ...
Math - you have a loan for $150,000 @ 5% on a 30 yr mortgage. You plan to pay ...
math(simple interest) - A $9,000 loan is to be repaid in three equal payments ...
math - Determne the number of days of the loan. Loan Date is Oct 20. Due Date is...
Business Math - Terry has an 18-month installment loan for $1,700 at 12% annual ...
Math - You have aloan for 150,000 at 5% on a 30 yr mortgage. You plan to pay off...
Business Finance - When a bank borrows 550,000 from the FED snd received s short...
business math - loan made july 15, length of loan 150, date of discount november...

Search
Members