Simple interest on a loan. A Financiera Popular recently opened in the city, to which Ms. Maru Villegas applied for a $253,700.00 unsecured loan, signing the promissory note on March 8 with maturity in 180 days. The stipulated interest rate is 11.5%. In order not to make a mistake, she takes into consideration the simple interest rate and a year of 360 days. What is the amount of interest calculated for Maru? Note: In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note: It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
Simple interest on a loan. A Financiera Popular recently opened in the city, to which Ms. Maru Villegas applied for a $253,700.00 unsecured loan, signing the promissory note on March 8 with maturity in 180 days. The stipulated interest rate is 11.5%. In order not to make a mistake, she takes into consideration the simple interest rate and a year of 360 days. What is the amount of interest calculated for Maru? Note: In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note: It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1.- Simple interest on a loan. A Financiera Popular recently opened in the city, to which Ms. Maru Villegas applied for a $253,700.00 unsecured loan, signing the promissory note on March 8 with maturity in 180 days. The stipulated interest rate is 11.5%. In order not to make a mistake, she takes into consideration the simple interest rate and a year of 360 days. What is the amount of interest calculated for Maru?
Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
Transcribed Image Text:Interés simple de un préstamo. Recientemente en la ciudad abrió una Financiera
Popular, a la que acudió la señorita Maru Villegas solicita un préstamo quirografario por
$253,700.00, firmando el pagaré el día 8 de marzo con vencimiento en 180 días. La
tasa de interés estipulada es del 11.5%. Para no errarle toma en consideración la
modalidad de interés simple y un año de 360 días. ¿Cuál es el monto de los intereses
calculados para Maru?
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