A simple interest loan has a maturity value of $60,000, and rate of 8%, and time of 240days. Find the interest.[Give answer to two decimal places] A 200-day note has interest of $8000 and a rate of 10%. Find the maturity. [Give answer to two decimal places] Lupe Gonzalez has $15000 in her retirement account. Find the interest rate required for the fund to grow to $20000 in 18 months. [Give answer to three decimal places] Find the maturity of a loan with principal $10000 at 12% from February 5th 2012 toAugust 24th 2012. [Give answer to two decimal places] Find the simple interest for the following: A promissory note for $8500 at 7.3% made onSeptember 22nd and due March 6. [Give answer to two decimal places]

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Answered: A simple interest loan has a maturity…

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A simple interest loan has a maturity value of $60,000, and rate of 8%, and time of 240days. Find the interest.[Give answer to two decimal places]
A 200-day note has interest of $8000 and a rate of 10%. Find the maturity. [Give answer to two decimal places]
Lupe Gonzalez has $15000 in her retirement account. Find the interest rate required for the fund to grow to $20000 in 18 months. [Give answer to three decimal places]
Find the maturity of a loan with principal $10000 at 12% from February 5th 2012 toAugust 24th 2012. [Give answer to two decimal places]
Find the simple interest for the following: A promissory note for $8500 at 7.3% made onSeptember 22nd and due March 6. [Give answer to two decimal places]

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