Pauline borrows a loan of 120000 for 3 years at 11.5% simple interest Calculate the total interest due on the loan If she is required to reply in monthly installments how much how much would she repay per month? What is the banks profit as a percentage of the loan accounts.

Pauline borrows a loan of 120000 for 3 years at 11.5% simple interest Calculate the total interest due on the loan If she is required to reply in monthly installments how much how much would she repay per month? What is the banks profit as a percentage of the loan accounts.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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