Login or Sign Up

Ask a New Question

Jeff takes a loan of R25000 in a period of 5years calculate the interest rate?

I don't think the question is complete.Please repost it with complete details

Similar Questions

calculate the simple interest on a 20,000 loan at an interest rate of 8 percent after 5years

Top answer: To calculate the simple interest on a loan, you can use the formula: Simple Interest = Principal × Read more.
Jeff Associates borrowed $30,000. The company plans to set up a sinking fund that will repay the loan at the end of 8 years.

Top answer: $30,000 End of 8 years 12% interest 8*2= 16 periods 12/2= 6% Go to the table in your math procedures Read more.
Jeff Associates borrowed $30,000. The company plans to set up a sinking fund that will repay the loan at the end of 8 years.

Top answer: Let the semi-annual payment be P 30000 = P( 1 - 1.06^-16)/.06 let me know what you got for P Read more.
A student takes out two loans to help pay for college expenses. The total amount of money borrowed is $8050. Both loans have

Top answer: If $x at 2.5%, then 0.025x + 0.085(8050-x) = 297.25 so your answer looks good Read more.
Brenda takes out a twenty year loan of R400,000..she repays the loan by means of equal montly payments starting one month after

Top answer: R4976 per month. Read more.
A restaurant manager has the option of a 30-year loan of $415,000 at an annual interest rate of 3.75% or the same interest rate

Top answer: (a) For the 30-year loan: Monthly interest rate = 3.75% / 12 = 0.3125% Number of months = 30 * 12 = Read more.
Elliot borrows $900 to buy an appliance at a yearly simple interest rate. He takes3 years to pay off the loan and interest. He

Top answer: To find the interest rate, we can use the following formula for simple interest: Simple Interest = Read more.
john borrowed $650 from credit union . interest rate is 7.9% , and takes loan for 6 months . what will be his monthly payment to

Top answer: If this is simple interest then the interest in 1/2 a year would be (1/2)(.079)(650) = 25.675 (650 + Read more.
Ted takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an

Top answer: amount = 2500(1.06)^15 = 5991.40 so the interest for that time is $3491.40 Read more.
Lauren wants to take out a $15,000 school loan and pay it back in 5 years. She shopped at two different banks. Bank A offered

Top answer: To calculate the total amount Lauren will pay back for each bank: Bank A: Total amount = Principal + Read more.