Q: How much will be required on February 1 to pay off a
How much will be required on February 1 to pay off a $3000 loan advanced on the previous September 30 if the variable interest rate began the interval at 4.7%, rose to 5.2% effective November 2, and t...
See AnswerQ: The total accrued interest owed as of August 31 on a loan
The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 3 4 % , rose to 9% effective July 1, and increased anoth...
See AnswerQ: An $85,000 investment earned a 3.9%
An $85,000 investment earned a 3.9% rate of simple interest from December 1, 2019, to May 30, 2020. How much interest was earned?
See AnswerQ: $850 borrowed on January 7, 2019, was repaid with
$850 borrowed on January 7, 2019, was repaid with interest at an annual rate of 7% on July 1, 2019. What was the amount of interest?
See AnswerQ: The interest rate on $27,000 borrowed on October 16
The interest rate on $27,000 borrowed on October 16, 2020, was 5.7%. How much interest was owed on the April 15, 2021, repayment date?
See AnswerQ: A $14,400 loan taken out on May 21,
A $14,400 loan taken out on May 21, 2018, was repaid with interest at 11 1 4 % per annum on July 19, 2019. How much interest was paid?
See AnswerQ: If $40.52 interest accrued on a $1000 guaranteed
If $40.52 interest accrued on a $1000 guaranteed investment certificate (GIC) from January 15, 2019, to July 7, 2019, what rate of simple interest did the GIC earn?
See AnswerQ: What was the principal amount of a loan at 9 1 2
What was the principal amount of a loan at 9 1 2 % if $67.78 of interest accrued from October 28, 2018, to April 14, 2019?
See AnswerQ: On June 26 Laura put $2750 into a term deposit until
On June 26 Laura put $2750 into a term deposit until September 3, when she needs the money for tuition, books, and other expenses to return to college. For term deposits in the 60- to 89-day range, he...
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