Wednesday
August 27, 2014

Homework Help: business math

Posted by Joyce on Friday, August 23, 2013 at 3:15pm.

you take out a loan for $20,000 simple interest loan at 4% on August 21 and in 45 days you pay off $8,000 of the loan. What is your new principal?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - Five years ago, you bought a house for $151,000, with a downpayment of $...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
math(simple interest) - A $9,000 loan is to be repaid in three equal payments ...
business math - Jill Ley took out a loan to pay for her child's education for $...
Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...
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...
Business Math - If Wilma borrows $5,000 from her brother (at 5% interest per ...
Business finance - In a discount interest loan, you pay the interest payment up...
Finance - You just borrowed $15,000 from a bank. If you pay $4,000 at the end of...

Search
Members