Jack borrowed $4239 at 7.8% to buy a used car. He paid the maturity value of $5460. Find the time c the loan in days. O 1546 days O 1458 days O 1329 days O 1311 days 4
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- Joel borrowed $2776.55 on November 2, 2021 at 4.5% p.a. How many days would it take for him to re-pay the loan if he made a payment of $3466.76? Round up to nearest day.1. Three months after borrowing money, David Tan pays on interest of 270. How much did he borrow if the simple interest rate is 5 ½%?2 Aselo borrows 17,000 on April 21, 1992 and repays the loan on April 21, 1994 with interest at 5 1/8%. Find the amount repaid.3. Find the ordinary interest on 2,100 for 65 days at 5 ¼% simple interestDidzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date? Select one: a. $532.80 b. $529.10 c. $540.20 d. $536.50 e. $543.90
- Luis paid off a loan by making a payment of $4,050, which included simple interest of 3% p.a. If he obtained the loan 6 months ago, calculate the amount borrowed and the amount of interest paid on this loan. Amount borrowed: Round to the nearest cent Amount of interest paid: Round to the nearest cent1. Aselo borrows 17,000 on April 21, 1992 and repays the loan on April 21, 1994 with interest at 5 1/8%. Find the amount repaid. Answer: 2. Find the ordinary interest on 2,100 for 65 days at 5 ¼% simple interest. Answer:Montel loaned $6800 to a friend for 13 months at an annual rate of 7.7% simple interest. How much interest did the borrower owe? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Interest owed
- Wade Ellis buys a new car for $16,882.14. He puts 10% down and obtains a simple interest amortized loan for the rest at the nearest cent.) (a) Find his monthly payment. X (b) Find the total interest. (c) Prepare an amortization schedule for the first two months of the loan. Payment Number Principal Portion Total Payment 0 1 2 LA पण Interest Portion पण A X X पण $ LA Balance 111% interest for four years. (Round your answers toAmy Lee held a $3,200 105-day note dated July 7, bearing interest at 9.6%. On August 11, Amy took the note to a finance company which discounted it at 11.3%. Use a 365-day year to find the missing information on the loan. Interest Amount: __________ Maturity Value: __________ Maturity Date: __________ Days of Discount: __________ Discount Amount: __________ Proceeds: __________Pete Frank bought a computer for $4,000. Pete put down $500 and financed the balance at 10 ½% for 36 months. What is his monthly payment? (Use loan amortization table.)
- Caridad borrowed $18,500 at 11% ordinary interest for 160 days. After 60 days, she made a partial payment of $3,000. What is the final amount due on the loan? (Round to the nearest cent.) O $15,839.17 O $16,323.14 O $16,404.44 O $16,613.539) Ryan McPherson borrowed P3,500 on June 15 at 11% interest. If the loan was due on October 9, what was the amount of interest and the maturity value on Ryan's loan? (Use exact interest method) 10) What is the maturity date of a loan taken out on April 14 for 85 days? 1) On April 12, Michelle Lizaro borrowed P5,000 from her credit union at 9% for 800 days. The credit union uses he ordinary interest method. How much is the maturity value?A man borrowed P18,400.00 from a credit union that charges 8% simple interest for 1 year and 9 months. What is the amount of interest charged?
