Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Borrowing
Interest Calculation
To buy furniture for a new apartment Brian Jones borrowed $4000 at 13% simple interest for 10 months . How much interest will he pay ?
1 answer
I = PRT
I = 4,000 * 0.13 * 0.8333
You can
ask a new question
or
answer this question
.
Related Questions
Nazir saved $900 to buy a plasma tv, he borrowed the rest at an interest rate of 18%/a compounded monthy, 2 years later he paid
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of
An amount of R21 000 is borrowed is borrowed for 3 years at 11% simple interest per year.Calculate how much must be paid back
Ms. Jackson borrowed $42,000 at 8.75% annual simple
interest to buy her house. If she won the Irish Sweepstakes exactly 1 yr
A person borrowed Rs.20,000 from a bank at a simple interest rate of 12 percent per annum. In how many
years will he owe interest
Malik borrowed $8,000 to buy a new boat. He will pay off the loan after 4 years by paying back the principal plus 6.5% simple
A furniture truck leaves the warehouse to deliver furniture to an apartment in the city. The people who bought the furniture
1) Carmen borrowed $1,200 for three months at 10.5% interest. How much interest did she pay for the loan?
2)Zack deposited $1,200
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's
Katie chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture if the loan was repaid in 2