
 👍 0
 👎 0
posted by qwe 
 👍 0
 👎 0
posted by mike 
 👍 0
 👎 0
posted by Anonymous 
 👍 0
 👎 0
posted by Anonymous 
 👍 0
 👎 0
posted by Rachel Randall
Respond to this Question
Similar Questions

Business finance
In a discount interest loan, you pay the interest payment up front. For example, if a 1year loan is stated as $10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x $10,000 = $1,000 immediately, thereby
asked by Bryan on January 10, 2011 
math
Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 payments, the balance is $1100. He pays off the loan when the next payment is due. What is the interest? Is it $9.17? Thanks!
asked by Nadia on April 21, 2015 
MathPlease help!!
Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 payments, the balance is $1100. He pays off the loan when the next payment is due. What is the interest? Is it $9.17
asked by Nadia on April 22, 2015 
Math Question
Tom Newman took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. after 4 payments the balance is 1,100. he pays off the loan when the next payment is due what is the interest? Is it $9.17 Thanks!!
asked by Nadia on April 4, 2015 
macroeconomics
Suppose you borrow $900 of principal that must be repaid at the end of two years, along with interest of 5 percent a year. If the annual inflation rate turns out to be 10 percent, (a) What is the real rate of interest on the loan?
asked by Anonymous on February 19, 2016 
Economics
Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is: a 10 b11 c10.25 d12
asked by mike on April 19, 2011 
college algebra
Dominic pays 5% interest on his $17000 college loan and 9% interest on his $15000 car loan. What average interest rate does he pay on the total $32000 he owes? Round your answer to the nearest tenth of a percent.
asked by elvi on October 6, 2018 
college algebra
Dominic pays 9% interest on his $22000 college loan and 11% interest on his $16000 car loan. What average interest rate does he pay on the total $38000 he owes? Round your answer to the nearest tenth of a percent.
asked by la on October 6, 2018 
College Algebra
Dominic pays 5% interest on his $19000 college loan and 12% interest on his $24000 car loan. What average interest rate does he pay on the total $43000 he owes? Round your answer to the nearest tenth of a percent.
asked by Anonymous on September 2, 2017 
College Algebra
Dominic pays 7%interest on his $22000 college loan and 13% interest on his $21000 car loan. What average interest rate does he pay on the total $43000 he owes? Round your answer to the nearest tenth of a percent.
asked by Jamie on December 15, 2018