What is the ordinary simple interest on a 225-day loan of 1,250 at ...

Author Question: What is the ordinary simple interest on a 225-day loan of 1,250 at ... (Read 49 times)

pane00

Hero Member
Posts: 579

on: Jun 24, 2018

What is the ordinary simple interest on a 225-day loan of 1,250 at 8.7?

Question 2

What is the simple interest on a 3-year loan of 11,000 at 2.5?

jessofishing

Sr. Member
Posts: 329

Reply #1 on: Jun 24, 2018

Answer to Question 1

67.97;

Answer to Question 2

825.00;

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.