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 45 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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.