What is the simple interest rate on a loan of 2,000.00 that was paid 2,600.00 after 2 years and 6 months from the date of loan? (rate must be in %)

Q: What is the APR on this loan?

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: A Forward Rate Agreement contains an agreed interest rate of 5.75% on a 6-month loan. If settled at…

A: Forward rate agreements are used by entities to hedge against the interest rate risk. It is an…

Q: What is the annual interest rate if a simple interest loan of $10,000 for 4 years charges a total of…

A: We need to use simple interest formula to solve this question Simple interest =Principal×Rate×Time

Q: Find the refund fraction on a 30-month loan with interest of $2,802 if the loan is paid in full with…

A: Refund fraction is the amount of interest refund a lender makes to the borrower because of early…

Q: What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6…

A: using financial calculator to solve the monthly payment

Q: What was the interest rate on a 3.5-year loan, $1000 loan if the simple interest paid was $297.50?

A: Interest rate = (Total interest / amount) * (1/time)

Q: You plan to borrow $49,400 at a 7.3% annual interest rate. The terms require you to amortize the…

A: Yearly installments= $49400* R* (1+R)^n/((1+R)^N-1) = 49400* 7.3%* (1+7.3%)^7/((1+7.3%)^7-1) = 9262

Q: What is the discount interest rate if P129,750 was obtained after a loan of P150,000 was granted for…

A: Simple interest is a quick and easy way to find out how much money you owe. The daily interest rate…

Q: Simple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is the…

A: Simple interest amount (I) = P1,235 Loan amount (P) = P9,500 Period (t) = 4 Years and 4 months =…

Q: What is the actuarial rate for a simple loan of $1,500 that requires a repayment of 2,000 in 5

A: In this we have to calculate effective interest rate by use of present and future value.

Q: Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year.…

A: Simple interest = Principle × rate × time

Q: What is the APR on this loan

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: What would be the total interest paid

A: Interest is charged on the amount lent by the lender to the borrower. In short, any excess payment…

Q: for borrowing 15000 for 3 years and 3months, a lender charges a borrower 750, what is the simple…

A: A simple rate of interest is one of the simple methods of calculating the interest on borrowings.…

Q: Assuming that the interest is the only finance charge, how much interest would be paid on a 5,000…

A: Interest is the amount paid on a loan by the borrower to the lender above the principal amount to…

Q: (Refer to this word problem ) The accumulated value of a 3-month loan of P5,000 is P5,085. What is…

A: Loan amount = P5000 Accumulated value = P5085 Interest amount = 5085-5000 = P85 Period = 3 Months =…

Q: original

A: Formula to calculate the loan amount is: PV = FV/(1+i)^n Where PV is the present value FV is the…

Q: . You have a line of credit loan with Scotiabank. The initial loan balance was $6000.00. Payments of…

A: Line of credit can be determined as the predetermined credit limit. Any amount within the credit…

Q: A loan of P5,000 is made for a period of 15 months, at a simple interest rate of , what future…

A: We need to use simple  interest formula to calculate future amount due after loan period…

Q: If a loan of ₱45,000 will amount to ₱76,400 when converted quarterly for 3.25 years what interest…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest…

A: Simple Interest:   Simple interest is a method of calculating the interest that is charged on fixed…

Q: If the proceeds of a loan of P12,450 will be paid with P12,840 at the end of 1 year and 9 months.…

A: Loan amount = P 12450 Par value = P 12840 Discount amount = Par value-Loan amount…

Q: What is the total interest paid on a loan of $5,000 at APR = 6% for 3 years

A: Compound interest is the interest on a loan or deposit calculated based on both the initial…

Q: Calculate the simple interest due on a 72-day loan of P3,000 if the annual interest rate is 4%.

A: Loan amount (P) = P3000 Interest rate (r) = 4% Period (d) = 72 days

Q: what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How…

A: Using the present value of annuity formula we can calculate the original amount borrowed…

Q: floating rate mortgage loan is made for $100,000 for 30yrs at a start rate of 12% interest. The…

A: In this question principal at the end of year one would be the total mount paid in monthly…

Q: What's the interest in a $500 loan at an annual simple interest of 9% at the end of 6 months?

A: Interest = Amount * rate * time

Q: Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at…

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: (Refer to this word problem The accumulated value of a 3-month loan of P5,000 is P5,085. What is the…

A: Principal (P) = P 5000 Accumulated value (F) = P 5085 n = 3 months = 0.25 years Let r = Simple…

Q: Use the​ add-on method for determining interest on a loan of $2410​, with an annual rate of 9​% and…

A: Given data, Principal amount (P) = $2410 Rate of interest (r) = 9% Time (t) = 4 years

Q: P2,000 loan was originally made at 8% simple interest for 4 years. At the end of this period, the…

A: Under simple interest , interest is calculates on principal amount of loan. Formula of interest is…

Q: ate of 12% per year.

A: Simple interest  (SI) is the cost of borrowing. It is the interest only on the principal amount as a…

Q: What is the simple interest rate if Rogine paid an interest of P2,100 after 2 years and 6 months on…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: A loan of $1800.00 can be repaid in 230 days by paying the principal sum borrowed plus $50 interest.…

A: Given Principal = 1800 Interest = 50 Days = 230

Q: Find the length of the loan in months, if $500 is borrowed with an annual simple interest rate of 3%…

A: Compound Interest: Compound interest is interest computed on a loan or deposit depending on both the…

Q: What is the total interest paid on a loan of $5,000 at APR = 6% for 4 years.

A: Loan amount = $5000 Interest rate = 6% Period = 4 Years

Q: A customer has to pay an amount (principal + interest) of PhP 32,230 as a pay a personal loan at the…

A: Today value of money required will be that loan without interest.

Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…

A: Given Information : Amount of loan = P 18,000 Period of loan = 1 year 6 months = 1.5 years Discount…

Q: If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is…

A: Given information: Principal (P): $6,840 Time (T) : 4 months Rate of interest (R) : 3.5%

Q: The total amount paid on a GSIS loan is ₱41,500. If the loan was paid within 30 months at 6 ¼ %…

A: Given Information: Total amount of Loan Paid(A) = ₱41,500 Time Period = 30 months Simple Interest(r)…

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Calculation of amount payable after 6 years (Simple Interest) FV = P (1+rt)Where FV is Maturity…

Q: If you borrow $1,000 at 8.5% simple interest and the loan requires a lump sum payment of $1,213.16,…

A: Interest on Loan = $1,213.16 - $1,000 Interest on Loan =$ 213.16

Q: If $800 is borrowed and the interest after 6 months is $44, what is the annual interest rate for a…

A: Principal Amount = $800 Time Period = 6 Months Interest = $44

Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A: Loan amount (P) = P95000 Interest rate (r) = 12.3% Period (t) = 240 days = 240/365 =…