An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50% p.a. and face value of $100,000. Calculate the price he paid for the T-bill.

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

A:

Q: se a truck for his mobile welding service, jerry arranged a 36-month loan of 45,000 at 4.75% annual…

A: Conversion of annual payment interest to monthly interest: Use the formula I divided by "n," or…

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: 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: Joshua’s computer loan statement said that he would pay $1,244.34 in simple interest for a 3-year…

A: Given that, Joshua's computer lean statement said h would pay $1244.34 in simple interest for a 3…

Q: Paul Peters received a statement from the ABC Department Store showing a previous balance of $90. If…

A: Interest = (Rate of interest × Amount× Time)/100 Amount = $90 ROI = 2.5% Time = 1 Month

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

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Q: Find the interest due on $1,400 at 9% for 270 days

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Q: Find the simple interest Jolie owes on a 2-year loan for $8,000 to buy a used car at the rate of 9%…

A: The objective of this question is to calculate the simple interest Jolie owes on a 2-year loan for…

Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: Margaret’s car loan statement said she would pay $7,683.20 in simple interest for a five-year loan…

A: Topic = Algebra

Q: Find the interest paid on a loan of ​$2,100 for three years at a simple interest rate of 12​% per…

A: Simple Interest:The interest amount paid by borrowers to the lenders or the interest amount charged…

Q: Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5%…

A: Given: P(amount of loan)=$4000, r(interest rate)=5%, t(time period)=first September to first…

Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: Find the simple interest on the loan of​ $2500 for 2 years at​ 5%.

A: