Elisa needs money to repair her home air conditioner, so she pawns her bicycle. The pawnbroker loans Elisa $270. Seventeen days later, Elisa gets her bicycle back by paying the pawnbroker $303.15. What annual simple interest rate did the pawnbroker charge Elisa? Assume 360 days in a year. www The pawnbroker charged Elisa a simple interest rate of (Round to the nearest whole number as needed.)

Q: Legitimate Financial Services made a loan at 9.75% interest for 259 days. If the amount of interest…

A:

Q: down payment     $  mortgage     $

A: Solution:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: Mike pawns his watch for $120. After 30 days buys it back for $140 what was the interest did the…

A: Solution :  Given that  Mike pawns his watch for $120. After 30 days buys it back for $140

Q: Find the interest on the following loan. $5386 at 6%; loan made on August 11 and due December 16 The…

A: We have to Find the interest on the following plan $5386 at 6%,loan made on August 11 and due on…

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: Use this table to find the monthly mortgage payments, when necessary. Roberto has a mortgage of…

A:

Q: Proud Papa took out a loan for $15,000 for his daughter’s wedding. He can borrow the money from a…

A:

Q: suppose you purchase a 29 year old US savings bond with an APR of 2.5%. The face value of the bond…

A: INTRODUCTION The yield on a bond is the discount rate that connects the cash flows of the bond to…

Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

A:

Q: The owner of a hot dog stand receives a loan of $4,750 at 6.25% for 9 months. Find the amount of…

A:

Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: Suppose that you decide to buy a car for $27,635, including taxes and license fees. You saved $5000…

A: Given query is to find monthly payment.

Q: James wants to buy a car that costs $14,550. The dealership will finance the car for 5 years, at…

A:

Q: Manuel purchases a house and gets a 30-year mortgage for $175,000 at 4% APR. In addition to the…

A:

Q: For a three year bond of $2,600 at a simple interest rate of 10% per year, find the semiannual…

A:

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26…

A: Here we have to find the sale charge percent

Q: Carol borrows $25,993 to help pay for expenses. The loan is for 6 years and carries an annual rate…

A: Principal amount    P  = $ 25993 Period   n = 6 years Rate of interest  r = 4.5 / 100 = 0.045…

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A:

Q: Tony's Towing borrows $17,250, at 7.5% interest, for 320 days. If the bank uses the exact interest…

A: Since , formula to find simple interest is I=Prt where, I is interest amount            P is…

Q: You take out a $200 loan that charges 6.8% simple interest. How much will you owe, including…

A: Given,  P=$200 Interest rate, r =6.8% Time,T =4 years

Q: Please don't provide handwritten solution ....

A: The objective of this question is to calculate the total interest paid on a loan that had two…