interest

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

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Q: Calculate the amount of interest that will be charged on $ 6549 borrowed for 5 months at 6.81 %.

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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: 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: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

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

A: Given

Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

Q: Suppose that you borrow $13,000 for four years at 6% toward the purchase of a car. Find the monthly…

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

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Q: Kevin takes out a $350 000 mortgage for 30 years at 2.05% annual interest compounded quarterly. His…

A: The EMI i.e. the monthly payment required to be done by Kevin includes the interest component to be…

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: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: Find the principal if $245 in interest is due after 10 months at 7%

A: By using formula of simple interest.

Q: nd the amount of the loan if weekly payments of $200 were made for 2 years and the interest rate was…

A: The loan amortization formula ifwhere A is periodic payment, P is loan amount, is the periodic…

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

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: Determine the amount owed on a 750$ loan after 2 years at 12% interest compounded semi annually.

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

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Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

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