Saturday

April 19, 2014

April 19, 2014

Posted by **INDIANA** on Thursday, May 24, 2012 at 11:51am.

Calculate

(i) The interest on the loan at the end of the first year

(ii) The total amount owing at the end of the first year

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

Calculate

(iii) the amount still outstanding at the start of the second year

(iv) the interest on the outstanding amount at the end of the second year

- Mathematics -
**Ms. Sue**, Thursday, May 24, 2012 at 11:55amI'll do the first two.

(i)

12,000 * 0.14 = 1,680

(ii)

12,000 + 1,680 = 13,680

I'll be glad to check your answers for the other two.

- Mathematics -
**INDIANA**, Thursday, May 24, 2012 at 12:02pm(iii) 13,680 - 7,800 = 5,880 still outstanding in the second year.

I am not sure how to work out the last one.

- Mathematics -
**Ms. Sue**, Thursday, May 24, 2012 at 12:20pm(iv)

5,880 * 0,14 =

**Related Questions**

Finance - . Mr. Kane recently borrowed $15,000 from his Aunt Jemima, and he has ...

Finance - 1. Mr. Kane recently borrowed $15,000 from his Aunt Jemima, and he has...

Finance - You just borrowed $15,000 from a bank. If you pay $4,000 at the end of...

interest math - On April 12, Michelle borrowed $5,000 from her credit union at 9...

MATH PLEASE HELP - a) How much will the monthly payment on a five yr car loan ...

math - Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate ...

business - Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The ...

Math - Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate ...

Mathematics - 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 ...