Find the simple interest rate of a loan

Assignment Help Mathematics
Reference no: EM131622957

Question: 1. Find the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interest.

2. How much money is borrowed if the interest rate is 9(1/4)% simple interest and the loan is made for 3.5 years and has $904.88 interest?

Reference no: EM131622957

Questions Cloud

Assess the benefits of a wellness program : Determine the just-cause standards you should verify before termination.Summarize the components you would include in the wellness program.
Find interest paid on a loan at given annual simple interest : Find the interest paid on a loan of $800 at 8(1/2)% annual simple interest for two years.
Interventions mean offsetting open market operations : Because sterilized interventions mean offsetting open market operations:
Discuss the concept of unrelated business income : discuss the concept of unrelated business income (UBI) and unrelated business income tax (UBIT).
Find the simple interest rate of a loan : Find the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interest.
Variance and standard deviation for each share : Calculate the expected return, variance and standard deviation for each share.
The current regulations and federal involvement : Describe the major features of this Website and how each feature can be used to monitor employee benefits.
Determine the p-value in and interpret it meaning : The file fast food contains the amount that a sample of teens customers spent for lunch at a fast food restaurant:
How much interest was paid : Carrie made a $1,200 loan for 18 months at 9.5% simple interest. How much interest was paid?

Reviews

Write a Review

Mathematics Questions & Answers

  What is the probability of a natural

What is the population of interest for this study? Name the most likely type of error that could impact the findings in this study. Explain your choice. What was the sample size for individuals from the US for the current year?

  Estimate the galois group

Estimate the galois group.

  How is the solution affected if the constraints are changed

How is the solution affected if the constraints are changed to y(0) = 0 and y'(0) = 1 ? What is the special about this case?

  Four aspects of designing business presentations

Create an 8- to 10-slide presentation that should be 5 to 10 minutes in length. Please include detailed speaker notes, based on the Week 4 Persuasive Messages Part I & Part II assignment. Apply the four aspects of designing business presentations ..

  The diameter of a car tire is 40cm and the diameter of a

the diameter of a car tire is 40cm and the diameter of a toy car tire is 18mm. find the ratio of the diameter of the

  What is the difference between the sum of the two addends

what is the difference between the sum of the two addends in problem 6 and the estimate of that sum?

  Discuss the problem of jackson related to savings account

SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning interest at the rate of 8%/year compounded monthly.

  At the end of ten years how much money will be in account

a man deposits $500 in a savings account with a 5% annual interest. At the end of ten years how much money will be in the account?

  Introduced to the natural number

This week you were introduced to the natural number e ≈ 2.718. In mathematics there are several important numbers similar to e. You are likely familiar with the constant pi ≈ 3.14. For example: You are likely familiar with the constant pi ≈ 3.14.

  Distance between two points

In your own words, define the following. Distance between two points Intercepts of a

  What is the percent decrease for the backpack sale

The local sports shop has backpacks on sale for $28. The original price was $40. What is the percent decrease for the backpack sale

  Write the lu factorization of the system

create a 3x3 elementary matrix that replaces row 2 with row 2 minus half of row 1 - write the LU factorization of the system. use b=Lc and c=Ux to solve the system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd