Anastasia Industries borrowed money at 9% interest for 125 days. If the interest charge was P5,600, use the ordinary interest method to compute the amount of principal of the loan.

Q: Aniyah borrowed $82,000, on a 120-day 4% note. After 50 days, Aniyah made an initial payment of…

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Q: Larry purchased a new combine that cost $270,500, minus a rebate of $4,500, a trade-in of $7,500,…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: Melissa Hernandez received an 8-year subsidized student loan of $25,000 at an annual interest rate…

A: We have given the amount of loan, the annual interest rate and the time period

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: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

A: Melvin invested Php100,000 in a business where the annual rate interest rate is 10%. How much will…

Q: Find the area of the figure below. 4 12

A: Area of a triangle = 12×base×height

Q: On January 2021 – Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment.…

A: Given that Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has…

Q: what is 2% higher than 3.167% interest rate?

A: Please see the answer in Step 2

Q: Juan De Mesa borrowed P50k at 2% per month payable in 36 equal end the month payments. a. How…

A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

Q: Consider a $250,000 home mortgage in which the payment per month is $1063.57 for a thirty-year…

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Q: on jule 18th, Aui accepted a $15000, 7.75%, 180 day note from Ryan. On October 5th, Aui discounted…

A: The objective of this question is to calculate the proceeds that Aui received when she discounted…

Q: Randall is purchasing a home priced at $220,000.  He agrees to 4.75% interest over 20 years, and the…

A: Price=$220,000, let the down payment be x. The principal amount is P=$220,000-x. Monthly payment is…

Q: Theodora received an 8-year PLUS Loan of $17,000 to attend law school for her last 2 years. Is the…

A: Given: The amount received by Theodora on the PLUS Loan is  to attend law school for her last The…

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

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Q: You have a $70,000  reducing balance loan at 7.5% per year. Monthly repayments are 850. What is the…

A: To calculate the total interest paid by the end of the second month on a reducing balance loan, we…

Q: Angela Montery has a five year car loan for a jeep wrangler at an annual interest rate of 6.9% and a…

A: We can use this formula to calculate the payoff amount, A = D1-1+r100n-Rr100n Where D is the monthly…

Q: Diane Van Os decided to buy a new car since her credit union was offering such low interest rates.…

A: Given information Principal amount = $30,800 Rate of interest = 5.25%

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Find the interest of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days. (Hint: 1 year 360…

A: Solution

Q: Lavenia borrowed P12,500 from a loan firm. She promised to pay after 215 days at 8.75% interest.…

A: Given query is to find the simple interest and the amount.

Q: A. Ahmed deposits 45,000 DHS into a savings account at Oryx Bank, which has a rate of 2.5%.…

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Q: Bernardo Alicea founded an insurance company. For office expenses, he asked the bank for a loan of $…

A: In the given question we have to find total amount which should be paid by Bernardo Alicea. Bernardo…

Q: Scarlet Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

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