math
 👍
 👎
 👁

 👍
 👎
Respond to this Question
Similar Questions

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

Business Math
A $40,000 loan at 4% dated June 10 is due to be paid on October 11. The amount of interest is (assume ordinary interest):

math
Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was September 20. Janet hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Janet will pay back

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)

business Math
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed. a. Calculate the simple

math
Given interest of $11,900 at 6 percent for 50 days (ordinary interest), one can calculate the principal as: (Points : 1) $1,428,005.70 $4,128,005.70 $1,428,05.70 $1,420.70 None of these

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.

Math
How do Federal Reserve banks, as well as the federal government, typically calculate simple interest? A. Using 31 days in each month B. Based on exact interest C. Based on ordinary interest My answer is B

business math
Janet Home went to Citizens Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was Sept 20. Janet hoped to repay the loan on Jan.20. Assuming the loan is based on ordinary interest, Janet will pay back interest

interest math
On April 12, Michelle borrowed $5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method. a. What is the amount of interest on the loan? $90 b. What is the maturity value of the loan?$5090

business mat
On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at formula9.mml interest. Jennifer plans to repay the loan on January 27. Assume the loan is on ordinary interest. (Use Days in a year table.) a. What interest will

math
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method to find the amount of principal borrowed. Round to the nearest whole dollar amount
You can view more similar questions or ask a new question.