On April 3, the Mears Flag Company borrowed $18,000 to pay for start-up costs for its new Showroom. The loan had a simple interest rate of 9.25% and was for 250 days. The company was able to make partial payments of $6000 on May 28 and $4000 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a year.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
On April 3, the Mears Flag Company borrowed $18,000 to pay for start-up costs for its new Showroom. The loan had a simple interest rate of 9.25% and was for 250 days. The company was able to make partial payments of $6000 on May 28 and $4000 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a year.
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