The Exact Simple Interest on a 90-day loan of $900 at 15.5% is Question 10 options:   $34.397   $34.84   $33.84   $33.397

Q: ind the simple interest on the following: $5349 at 5%; loan made on August 12and due December 23…

A: $5349 at 5%; loan made on August 12and due December 23

Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

Q: Marc Maxwell took out a simple interest loan at 13% interest for 12 months. His previous balance is…

A: A simple interest loan at 13% interest for 12 months.His previous balance $2681.04

Q: The maturity value of $3600 at 5% for 9 months is.

A: we  know  , the maturity  value , V = P( 1+ R)^T V – Maturity Value P – Principal Invested R – Rate…

Q: The bank approved Sylvie for a $250,000, 15-year mortgage with an APR of 3.95%

A: Given that Sylvie was given approval from the bank for a $250000 with 15-year mortgage with a 3.95…

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: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: Suppose you are awarded a $5,000.00 unsubsidized student loan with an interest rate of 6.8%. If you…

A: Principal amountRate of interestTimeMonthly payments

Q: If you purchase $22,000 in U.S. Treasury Bills with a discount rate of 4.1% for a period of 26…

A: Given data, Face value is $22,000 Discount rate is 4.1% Number of periods is 26 weeks

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

A:

Q: Suppose you want to purchase a $160,00 house. If you put 20% down and finance the rest in a 20 year…

A: # Given: principal amount P=$16000 With 20% down payment  Interest rate r=0.04125 per year  With 20…

Q: A car dealer will sell you a used car for $6,498 with $798 down and payments of $162.51 per month…

A:

Q: Ruqaiya borrows $1917 at a simple-interest rate of 7% for 3 months. Then the Discount will be: O…

A:

Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

A:

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: Micah bought an oceanfront condominium for $479,900, with $79,900 down. Assuming an interest rate of…

A: Given information: House Cost = $479,900 Down payment = $79,900 Loan Amount (PV) = House cost - Down…

Q: Suppose a bank offers you a 5.1% interest rate on a 25-year mortgage to be paid back with monthly…

A:

Q: If you purchase $28,000 in U.S. Treasury Bills with a discount rate of 4.3% for a period of 26…

A: Consider the given information.

Q: Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the…

A: Solution:- first calculate the total amount paid in 10 years