QUESTION 6 If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have proceeds of $11,850, what is the discount rate? 125% 6% 62% 127%

Q: Suppose you purchase a refrigerator for $1,275 and make payments of $59.91 per month for 2 years.…

A: We can solve this as follows:

Q: Some amount out of $7000.00 was lent at 6% per annum and the remaining at 4% per annum. If the total…

A:

Q: Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4 years. What is…

A: Given that :Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4…

Q: $ 9000 loan is to be paid in 3 years at 3.6% compound interest per year, the accrued interest and…

A: =>Total amount of money to pay off the loan = Total payment at the end of first year +Total…

Q: Suppose you want to buy a $140,000 home. You found a bank that offers a 30-year loan at 5.1% APR.…

A:

Q: You want to buy a $29,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A:

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

A:

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: A corporation's pension plan provides a lifetime annual income to its employees upon retirement at…

A: Solution

Q: 2. You purchase a CD for $1000 on which you will earn 2.4% simple interest for each year of the…

A:

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: A man borrows 2,500 for 2 years at 8 1/4%. How much interest will be charged and what will be the…

A: Here use simple interest formula  I = PRN/100 N = NO OF YEAR I = INTEREST R = INTEREST RATE P =…

Q: You win $38,000 in the state lottery to be paid in two installments: $19,000 now and $19,000 one…

A: Given that Total amount of lottery is $38¸000Installments are $19¸000 and $19¸000Rate of interest…

Q: Suppose you want to buy a $142,000 home. You found a bank that offers a 30-year loan at 3.1% APR.…

A:

Q: Jolene's MasterCard statement shows an average daily balance of $680. Find the interest due if the…

A: Here, average daily balance= 680 rate=0.016

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

A:

Q: For 10 years with total payments of $ 10000 per year, calculate the total amount accumulated after…

A: Consider the given information. Total payment per year. P=$10,000 Time period is defined as, n= 10…

Q: You just received a new Visa credit card with a $5,000 limit and a 19% interest rate. You then…

A:

Q: o create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much…

A: We are given: APR=6%=0.06A=Amount after time t=$89000n=Number of months in a year=12Y=Number of…

Q: A bank offers a CD that pays a simple interest rate of 5%. How much must you put in this CD now in…

A: First, always look for what you are asked to find. Here it is how much you must put into a CD.…