math
posted by sabina .
Paul borrowed $2,000 for four months at an annual interest rate of
10.25%. How much must he repay at the end of four months?

Principal plus interest after four months is:
$2000 + (4/12)*(0.1025)*(2000)
= $2068.33
It could be a bit more if monthly interest was being added to prinipal due. There could also have been late payment penalties. A loan that requires no payment for 4 months is unusual.
Respond to this Question
Similar Questions

math
A man asks for a loan for $5,000 for 14 days. He receives the loan plus $45 in interest. What annual interest did the man pay. How much would the man need to repay at the end of two months if he borrowed $5ooo with the same rules and … 
math
Aarthi borrowed $18,500 at 5%p.a from her father tostart her software business. at the end of 3 months she paid him $5,000 and $6,000 at the end of 8 months. how much would she have to pay him at the end of 16 months to clear the balance? 
math
If I had borrowed 1500 for six months at 8.5% annual simple interest. How much I will have to repay at the end of six months period 
Math
Carl borroowed $2,500 for six months at an annual interest rate of 11%. How much must he repay at the end of six months? 
Math
You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? 
Finance
If you borrow $25,500 for 18 months at the rate of 9% compounded monthly, how much must you repay at the end of the 18 months? 
math 1324
a natural history museum borrowed $2,000,000 at simple annual interest to purchase new exhibits. Some of the money was borowed at 7%, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much was borrowed … 
Equivalent Payments
Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of … 
Math
Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of … 
math
damon borrowed $1000 for 1 year and 7 months at an interest rate 6.3% compounded monthly. how much did he repay