What is the maturity date of a loan for $3,000 at 15% exact interest taken out on June 47 The amount of interest on the loan was $90. ---Select-- Need Help? Read
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- Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,300 10.4 107 X days $227 Need Help? Read ItUse the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,300 10.4 __________ DAYS $22718.Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,100 10.4 days $225 Days?
- Find the interest on the loan using the Banker's rule. P= $2.000, r= 11%, 1 = 90 daysFind the interest on a loan of $3300 at 7% if I borrow on April 7 and repay on June 2 using the following THREE time methods: Exact Time, Ordinary Time, AND Banker's TimeWhat is the time period of a loan for $2,250, at 13% exact interest, if the amount of interest is $110.59? (Round to the next higher day.) O 127 days 137 days 139 days 153 days
- Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest 12 1- years $1,080 Need Help? Read ItUse the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount (in $) of interest for the loan. (Round your answers to two decimal places.) Principal Rate (%) Time (days) Exact Interest Ordinary Interest $10,000,000 10 1 $ ___ $ ____Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Time Maturity Value (in $) Rate Interest Principal Interest (%) (days) Method $17,000 13 121 days Ordinary $730 $ 17730 Need Help? Read It
- 1.Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 7 3 4 6 months $Find the interest on the following loan. $5324 at 8%; loan made on August 12 and due December 15 The simple interest for this loan is $ (Round to the nearest cent as needed.)Simple Interest: A $45,000 loan at 3.75% dated June 10 is due to be paid on October 11. Using ordinary interest, what is the amount of interest?