Monday
April 21, 2014

Homework Help: Mathematics

Posted by Sam 101 on Thursday, May 17, 2012 at 12:20pm.

A loan of 12,000 was borrowed from a bank at 14% per annum.

Calculate the interest of the loan at the end of the first year.
And the total amount owing at the end of the first year.

A repayment was made of 7,800 at the start of the second year.

Calculate the amount still outstanding at the start of the second year.

And the interest of the outstanding amount at the end of the second year.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - You just borrowed $15,000 from a bank. If you pay $4,000 at the end of...
Mathematics - (a)A loan of 12 000 was borrowed from a bank at 14% per annum ...
Loan - Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple ...
Mathematics of Finance - Richard borrowed 170000 dollars from his bank to help ...
math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...
math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...
Finance - Mrs. Smith borrowed $20,000 from Last National Bank. She will repay ...
business math - Janet Home went to Citizens Bank. She borrowed $7,000 at a rate ...
home economics - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate ...
Finance - . Mr. Kane recently borrowed $15,000 from his Aunt Jemima, and he has ...

Search
Members