« previous next »

Author Question: Find the exact interest from October 2 to October 20 on 1,100 borrowed at 8 interest using the daily ... (Read 336 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
on: Jun 24, 2018
Find the exact interest from October 2 to October 20 on 1,100 borrowed at 8 interest using the daily interest factor.

Question 2

Leila Gerstman borrows 4,500 for 180 days at 7 exact interest. Calculate how much interest she must pay on the loan and how much will be due at maturity.


okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

4.34

Answer to Question 2

155.34, 4,655.34


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week. Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week.
In old age, as in all other stages of the life course, people find life more pleasant if they have ... In old age, as in all other stages of the life course, people find life more pleasant if they have ...
How to find two positive angles less than 360° that have a tangent of −2.25 How to find two positive angles less than 360° that have a tangent of −2.25
How to find the derivatives of trigonometric functions using the chain rule (Part 2) How to find the derivatives of trigonometric functions using the chain rule (Part 2)
Find derivative using product rule Find derivative using product rule
Find derivative using quotient rule Find derivative using quotient rule
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library