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the loan amount $750.00 @ 6% rate for 135 days. what would the interest be.
1 answer
Is the 6% rate simple interest for a year?
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The tooal amount of interest on a loan of 6,000 for 150 days is 210.50.using the ordinary interest(360 days)method,what is the
Top answer:
%Int. = (210.50/6000) 100 = 3.508% for 150 days. %Int.=(3.508% / 150 days )360days/yr = 8.42% / yr
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The total amount of interest on a loan of $6,000 for 150 days is 210.50.Using the ordinary interest method,what is the rate of
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looks right, I got the same answer I am not a tutor
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The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate
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To find the rate of interest, we can use the formula for ordinary interest: Interest = Principal ×
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The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate
Top answer:
assuming 365 days/year, just solve for r: 6000*(150/365)r = 210.50
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the total amount of interest on this loan of $6000 for 150 days is $210.50.
what is the rate of interest on this loan? If not
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25.26
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John Davis has a single payment loan for $7,500. The interest rate is 13% for 135 days, exact interest. What is the interest
Top answer:
To calculate the interest owed, we use the formula: Interest = Principal * Rate * Time Given:
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John Davis has a single payment loan for $7,500. The interest rate is 13% for 135 days, exact interest. What is the interest
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To calculate the interest owed, we can use the formula: Interest = Principal * Interest Rate * Time
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Find the effective rate of interest (APR) for a loan with a loan amount of $6,300, a time of 270 days, and interest of $685.13.
a
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Since the time is less than one year, I will use simple interest. R = I/(PT) =
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Using the exact interest method (365 days), find the amount of interest on the following loan
Principal Rate (%) Time (days)
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I = PRT I = 1,700 * 0.125 * 0.0904 I = 19.21
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Scott takes gets a student loan to go to college after high school. If he pays $750 in interest at a rate of 3% for 10 years,
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To calculate the original amount of the loan, we can use the formula for simple interest: Interest =
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Loan Amount: $15,000
Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest
