math

posted by .

calculate the simple intrest on a loan of $18,500 at 11% intrest for 18 months

is it 36,630.00

  • math -

    No, not even close

    That would be about twice the original principal, in only 1.5 years!

    Calculate 0.11 x 18,500 x 1.5 for the correct answer.

  • math -

    wow, maybe they worked at Fannie May at one time.

  • math -

    what is the GCF of 60 and 84?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    What is the simple interest on a $14,500 loan at 9% intrest for five years. if you could please tell me how you got the answer tahnks
  2. math

    You invest 3400 into account earning simple intrest. The balance is 4624 after 8 years. What is rate of intrest?
  3. Intrest

    On Sept 14 Jennifer Rick went to park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on Janauary 27th Assume the loan is on ordinary intrest. What intrest will Jennifer owe on January 27th What is the total …
  4. Simple Intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  5. simple intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  6. business/math

    what is the answer to: you obtain a margin loan of 18000 to puchase some stock. the effective intrest rate on the loan is 7.8%.how much intrest will you pay if you repay the loan in 3 month. urgent respone needed
  7. finance

    what is the interest and cost on a 6 month loan of $1,500 at13.2% simple annual intrest
  8. math

    How much intrest will u earn on a 50 0 deposi placed in a asavings accoun for 6 months if you are paid at a simple intrest rate of 5 percent
  9. math

    How much simple intrest would 1,000 earn in 275 days at an intrest rate of 4.21 percent?
  10. math

    An investor has 7000 to invest in two accounts. The first account earns 8% annual simple intrest, and the second account earns 13% annual simple intrest .How much money Should be invested in each account so that the simple intrest …

More Similar Questions