How much is the exact interest earned if 4500$ is lent at 12% for 125 days?
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- What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end of 220 days?If $14,000 is borrowed for 2 months and $82 is paid, then the annual simple interest rate is ____
- If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is earned?How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12% converted monthly. 1. How much is the outstanding balance after the 36th payment? 2. How much of the 37th payment goes to pay the interest the principal?
- What are the interest cost and the total amount due on a six-month loan of $1,500 at 13.2 percent simple annual interest?Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at 10% for 150 days. Present Value: P= $What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $135.00? (Round any fraction to the next higher day.) O 162 days O 163 days O 164 days O 165 days