A loan for $2,500 with a simple annual interest rate of 16% was made on April 18th and was due on June 28. Find the ordinary interest.

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

A:

Q: find the monthly mortgage loan payment for a $187,000 loan at 4.0% for 20 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $187,000…

Q: What interest rate was applied if a loan of ₱65,468 will amount to ₱125,000 borrowed for 2.5 years…

A:

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.30 on a…

A: Given Information - Finance charge on previous balance = $2.30 Previous Balance = $100 We have to…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: Mrs Angngad acquired a loan of P50000 from a credit union that charges interest of 16% compounded…

A: From the given information we find the quarterly payment.

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.10 on a…

A: Solution is given below:-

Q: Marc Maxwell took out a simple interest loan at 13% interest for 12 months. His previous balance is…

A: A simple interest loan at 13% interest for 12 months.His previous balance $2681.04

Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: The father has just donated $25,000 to a church. His son would like to donate an equivalent amount,…

A: Given;  Principal =$ 25000 Time = 5 years  Rate = 8.2%.

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: A loan for $5,000 with a simple annual interest rate of 20% was made on September 13th and was due…

A:

Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

A:

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed given the total payment…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed for a loan, given the…

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

A:

Q: For a loan of $24,000 at a fixed APR of 8% for 15 years, find the monthly payment.

A:

Q: Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February…

A:

Q: Lois received a 9-year subsidized student loan of $39,000 at an annual interest rate of 4.625%.…

A: If you have any problem let me know in comment box thankyou.

Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

A:

Q: Keaton borrowed $950.00 on March 29 at a rate of interest of 7%. Determine the amount of interest he…

A: T

Q: The Small Business Administration offers business loans at 5.8% interest compounded monthly for 8…

A:

Q: Mitchie borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in…

A:

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

A: