Respond to this Question
Similar Questions

math
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 interest on this loan?Round answer to the nearest hundredth. I know the ordinary interest method is 360
asked by Bonnie on January 10, 2011 
Business Math
Exact interest method (365 days) and ordinary interest method (360 days) for $450 loan at 12.9% interest rate 220 days.
asked by Tiffany on November 16, 2017 
math
â€‹State Bank made a loan at 12% interest for 360 days. If the amount of interest was $934.20, use the ordinary interest method to find the amount of principal borrowed. (Round to the nearest whole dollar)
asked by Evelyn on July 31, 2017 
math, algebra
The problem states find the simple interest . Assume a 360 day year. Round result. $17000 at 9% for 119 days. So, I know i have to use the formula I=Prt so my p = 17000; r = 0.09; t= ? how do iwrite out time if it has 119 days and
asked by student on June 28, 2007 
Business Math
Joyce took out a loan for $21,900 at 12 percent on March 18, 2000, which will be due on January 9, 2001. using ordinary interest, Joyce will pay back on January 9 a total amount of: Answer: $24,068.10 Ordinary interest is 360
asked by Liz on January 29, 2012 
Quantitative methods
State Bank made a loan at 12% interest for 360 days. If the amount of interest was $934.20, use the ordinary interest method to find the amount of principal borrowed.
asked by Richard Zimmerman on June 15, 2017 
business Maths
On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest. Refer to Days in a year table. (a) What interest will Jennifer
asked by Ekanki on April 23, 2012 
math
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 rate of interest on the loan.Round off answer to the nearest hundredth. I think it is 8.42% Darrell
asked by jon on January 9, 2011 
Business Math
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 method. (Round to the nearest whole dollar amount)
asked by JJ on November 3, 2013 
math
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 interest on this loan? Round to the nearest hundredth.
asked by Tina on March 24, 2012