This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays ... (Read 148 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jun 6, 2019

Question 1

If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?
◦ $600 000
◦ $270
◦ $540
◦ $1 200 000
◦ $120 000

Question 2

John buys a car for $20 000 on Kia finance with a simple interest of 5.99%. After one month he pays off the Kia finance using his secured line of credit which charges him 4% simple interest. He pays off the line of credit in 11 months. How much did he pay in total?
◦ $20 837
◦ $20 737
◦ $20 733
◦ $20 800
◦ $21 198
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by justinmsk on Jun 6, 2019

cam1229

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jun 6, 2019
Wow, this really help

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

(A) Closed (or simple) fracture and (B) open (or compound) fracture. (A) Closed (or simple) fracture and (B) open (or compound) fracture.
Simple squamous epithelium Simple squamous epithelium
This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
Madonna and Child with St. Anne and Infant St. John the Baptist. Madonna and Child with St. Anne and Infant St. John the Baptist.
Simple Decorating Techniques: Cake comb Simple Decorating Techniques: Cake comb
John Summit & Hayla - Where You Are (Lyric Visualizer) John Summit & Hayla - Where You Are (Lyric Visualizer)
Video: T cell receptors

For a complete list of videos, visit our video library