Karen borrowed 3500 from a bank for 6 months
Webb1 feb. 2024 · A man borrowed $3500 from a bank for 6 months. The bank collected 7-1/2% simple interest on the date of maturity. How much did the man pay for use of the money and what was the amount he repaid the bank on the due date of the note See answer Advertisement epicwizzy Answer: $3762.50 Step-by-step explanation: Webb4 sep. 2024 · A debt of four payments of $500 due in 6 months, 12 months, 18 months, and 24 months. A debt of four quarterly payments in the amounts of $100, $200, $300, …
Karen borrowed 3500 from a bank for 6 months
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WebbJohn borrowed $650 from a credit union . The interest rate is 7.9%, and takes a loan for 6 months. What will be his monthly payment to repay the loan plus interest? Greg took out a loan for... WebbSimple interest calculator Simple interest is calculated only on the initial amount (principal) that you invested. Example: Suppose you give $ 100 to a bank which pays you 5% …
WebbEquate 3 months to a year 3 / 1 L _., \ Jy _ 1 D,, i S Equate 2 months to a year 1-/,} /17..-I \o b) days ... EX Karen borrowed $ 3,500 from a bank for 6 months. The bank … WebbA business borrowed $3500 for 5 months and paid $116.67 in simple int... 6 A credit union charges its customers an interest rate of 3.6% per year on money ... 7 A bank loans a member $4000 for the purchase of a used car. The loan is made ... 8 A corporate executive took out a $90,000 loan at an 5.7% annual simple interest ... 9
WebbTextbook solution for Survey of Mathematics With Application - With Student… 10th Edition Angel Chapter 10.2 Problem 58E. We have step-by-step solutions for your textbooks written by Bartleby experts! WebbTry our loan repayment calculator. Work out how much you'd like to borrow with our loan repayment calculator. The loan calculator results we display are based on the …
WebbAnswer: I = $ 1,937.50 Equation: I = Prt Calculation: First, converting R percent to r a decimal r = R/100 = 3.875%/100 = 0.03875 per year, then, solving our equation I = 10000 × 0.03875 × 5 = 1937.5 I = $ 1,937.50 …
Webb6 C 2024 04520120 17 Amit depreciates his buildings at the rate of 2% per annum using the straight line method. He bought land for $200000. It cost $120 000 to build a warehouse on it. After five years he sold the warehouse for $299 000. What was the profit or loss on disposal? A$9 000 loss B$9 000 profit C$11 000 loss D$11 000 profit thomas gregg elementaryWebbwhile bank B uses straight compound interest for all times. Compare the amount that you would have after 3 years and 2 months if you invested $2,000 in bank A with the same … uganda telecom historyWebbKaren borrowed $3500 from a bank for 6 months. Her friend Ms. Harris was cosigner of Karen`s personal note. The bank collected 7½% simple interest on the date of maturity. … uganda television showsuganda telecom founding storyWebbwhile bank B uses straight compound interest for all times. Compare the amount that you would have after 3 years and 2 months if you invested $2,000 in bank A with the same investment in bank B. Solution. In bank A, at the end of 3 years, you have (1:05)32000 = 2315:25 yielding 1 + :05 2 12 2315:25 = 2334:54 In bank B you have (1:05)3 12 2 2000 ... uganda the heavenWebbInterest Rate: % 6 Number of Months: 48 Monthly Payment: $ 250 Answer Link: Find the Loan Amount is $10,645.08 Solve using the formula: PMT = 250 n = 48 i = 0.06/12 = … uganda the independentWebb6 Months 23: $42.50 ... She borrowed $3,500 from a co-worker at SkyWest Airlines in fall 2015 and agreed to pay back the full amount. ... Karen Clark. Karen Clark, 61, of … uganda thermals shampoo