What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

Q: he effective annual interest rate is 15%. A) Assume interest is compounded monthly. What is the…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: The bank states they will charge you annual interest of 20% APR and interest is calculated…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: Find the amount due if $200 is borrowed for 4 months at 17% simple interest

A: Amount due refers to the net amount that needs to be either paid by the borrower to the lender or to…

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: "If a loan of 1 million is made for 7 days at a rate of 5% per annum, how much interest would be…

A: p = $1000,000 d = 7 days r = 5%

Q: Suppose a bank offer a loan for 2 years with fixed interest rate 9% per year compounded daily.…

A: Effective annual interest rate(EAR) refers to the actual interest rate which is received on deposits…

Q: Considering an interest rate i=14% per year, what is the compound interest rate equivalent to the…

A: Interest rate is 14% per year To Find: Equivalent compounded  interest rate for 45 days Equivalent…

Q: etermine the simple interest.​ (The rate is an annual rate unless otherwise stated. Assume 360 days…

A: The question is based on the concept of Financial Management.Basically, there are two types of…

Q: If your credit card calculates interest based on 16.75% APR, compounded quarterly: (a) What are your…

A: The yearly rate that incorporates the magnifying effect of many compounding periods each year of…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: We need to use simple interest formula to calculate simple interest owe for the money. The formula…

Q: How much is the exact interest earned if 4500$ is lent at 12% for 125 days?

A: Interest is the amount charged or received on the amount borrowed or invested for the particular…

Q: what is the interest due on 1500 note for 4 years and 3 months. if it breaks 12 % ordinary simple…

A: The simple interest is the interest earned by the investor on his investment amount. This method…

Q: An installment loan for $18,000 has terms such that monthly payments of $180 are made for 10 years.…

A: Workings:- Time Period of Payments(in years) = 10 years Time Period of Payments(in months) = 10*12…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: We need to use simple interest formula to calculate the simple interest. The formula is Simple…

Q: What is the maturity value of a $7,500 loan for 16 months at 4.8% compounded monthly? Also. how much…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: 4. What is the effective annual interest rate a. A savings account with 4% annual interest rate…

A: In this question we need to compute the effective annual interest rate.

Q: Find the amount due if $800 is borrowed for 18 months at 18% simple interest.

A: Amount borrowed (P) = $800 Period (n) = 18 months Interest rate (r) =0.18 Amount due = ?

Q: How much is the exact interest earned if P4,500 is lent at 12% interest for 125 days?

A: Investment = P4,500 Interest rate = 0.12 or 12% Number of days = 125 days Interest earned = ?   In…

Q: If the compounded interest rate on 75 days time deposit is %16, calculate the simple rate?

A: Simple interest is a method of calculating the proportion of interest paid on an amount over a…

Q: What is the effective interest rate per month if the interest rate is 9% compounded continuosly?

A: The effective interest rate is the actual return on a savings account or any other interest bearing…

Q: What annual interest rate is earned by a 20​-week T-bill with a maturity value of $2,900 that sells…

A: The time value of money states that the money we have today has more worth than the money we are…

Q: If $27895 is borrowed for 5 months and P688 is paid, then the annual simple interest rate is…

A: Simple interest is one of the form of interest in which interest is charged on original investment…

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: Assume that you take out a $2000 loan for 53 months at 5.5% APR. How much total interest will you…

A: Total interest paid = Future amount payable - Loan amount Amount payable for the loan borrowed is…

Q: What is the total amount that must be repaid on the following note $8,543 borrowed at 14.5% simple…

A: Simple interest is interest without compounding.

Q: How long will it take to money quintuple at 10% interest rate when interest compounded: (i)…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Using exact interest, what is the amount due on Php 20,000 invested at 0.09% simple interest for 150…

A: Given: Interest rate =0.09% Days = 150 Days Amount = Php 20,000

Q: Suppose you take out a loan for $7,000, at 12% ordinary interest. If the amount of interest is $672,…

A: Principal Amount = p = $7000 Interest rate = r =  12% Interest amount = i = $672

Q: Suppose your car loan for 36 months has a monthly payment of $425. Immediately after the 30th…

A: Effective Annual Rate: The effective annual rate of interest is the actual or the real rate of…

Q: Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments.…

A: Annual  Payment  = P * r * [(1+ r)n/({1 + r}n -1)]Where, P = Principal borrowed =  $14,000r =…

Q: What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

A: Given Principal = $200 Rate = 10%

Q: a) t=0? Assume the force of interest between time 0 and time 2 is 8(t)=0.04 +0.07t. Assume you are…

A: A force of interest as a function of time is given. The future value under this force of interest is…

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: What nominal interest rate is implied if you borrow 12,500 and repay 21,364.24 in three years with…

A: Using excel RATE function

Q: 1. What amount should be invested in order to earn $100 the interest is compounded

A: Here we have to find out present value of future value.