Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Interest Calculation
Principal is $1700, Rate is 12%, Days 33. What is the exact interest?
1 answer
I = 1700 * 0.12 * 0.09
I = ?
You can
ask a new question
or
answer this question
.
Related Questions
For question 1-4 for the interest. All rates are annual interest rates.
1) principal, $400 rate, 5% time, 1 year. a. $10 b. $20
Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original
Find the principal using Bankers Rule if interest of RM100 was received at 3.5% simple interest rate for 150 days.
​State Bank made a loan at 12% interest for 360 days. If the amount of interest was $934.20, use the ordinary interest method
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method
Which statement is true about an annual percentage rate (APR)?(1 point) Responses It is equal to the interest rate times the
Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple
interest is a basic percentage charged on the principal or the initial amount of the loan.
interest is interest that is paid on
Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest
