Mathematics

Mathematics, 25.07.2019 17:00, PENTALIZARD8179

Asmall business owner borrowed $4,200 at annual simple interest rate of 12%. what is the total amount that must be repaid in 3 months?

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Mathematics, 28.07.2019 21:30, melody12chocolatemil

Ben hung signed a 75-day simple interest note for $11,280 with a bank that uses exact interest. if the rate is 12.3%, find the maturity value. $11,569.05 $10,994.91 $11,565.09 $10,990.95 6. shuler’s teas borrowed $9,805. the simple interest loan was repaid in 7 months at 8.5%. find the amount of the repayment. $10,291.16 $10,638.43 $10,284.50 $10,504.32

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Mathematics, 01.11.2019 01:31, miguelturner

Lenders such as banks, credit unions, and mortgage companies make loans. the person receiving the loan usually pays the loan off in small payments over a long period of time. the lender earns money by charging interest, which is based on a percentage of the amount that is borrowed. there are different types of interest. car loans are usually calculated using the formula for simple interest. the total amount repaid is based on the interest and the value of the original loan, called the principal. the formula for the total dollars needed to repay the loan, with interest, is found using the formula a=p+pxrxt a is the amount (total principal plus interest) required to repay the loan, p is the amount borrowed, the principal, r is the annual interest rate, quoted as a percent, but used as a decimal in the formula. t is the time, in years, taken to repay the loan (six months would be 1/2 year). suppose you get a loan of $5,000 at an annual interest rate of 4.25%. a. use the given information to write the formula for the total amount to be repaid in (t) years. express the interest rate as a decimal. b. complete the table of values that shows the payoff amount after certain amounts of time. t (years) a ($) 0: 4 mo: 1/3 6 mo: 1 yr: 3 yr: 6 yr: estimate the maximum time allowed to repay the loan if you want the total payoff to be less than $7,000. , i've been stuck on this question forever.

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Mathematics, 17.11.2019 06:31, ivankerwin

1. to buy a laptop computer, elaine borrowed you womputer, elaine borrowed $6,000 for 5 vears at an annual simple interest rate of 3.7%. a. how much interest will she pay if she pays the entire loan off at the end she pays the entire loan off at the end of the 5 year? b. what is the total amount that she will repay? 2. m vie. ivogi borrowed $20,000 for 10 years to make home improvements. if he repaid a total of 5,000, what interest rate did he borrow the money? 3. tj invested $2000 in a bond at a yearly rate of 5 %. he earned $600 in interest. how long was the money invested?

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Mathematics, 07.12.2019 03:31, tammydbrooks43

Amuseum borrows $2,000,000 at simple annual interest to purchase new exhibits. let x represent the amount borrowed at 7%, y represent the amount borrowed at 8.5%, and z represent the amount borrowed at 9.5%. set up a system of linear equations to determine how much is borrowed at each rate given that the total annual interest is $169,750 and the amount borrowed at 8.5% is four times the amount borrowed at 9.5%. you do not have to solve the system.

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Asmall business owner borrowed $4,200 at annual simple interest rate of 12%. what is the total amoun...

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