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

Author Question: Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest ... (Read 371 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest and amount due she will pay when the note is due.

Question 2

Adam Bergman took out a 3,500 simple interest loan at 12 interest for 18 months. His monthly payment is 213.44. After making payments for 12 months, his balance is 1,236.93. He decides to pay the loan off with his next payment. How much will his final payment be? How much interest will he save?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 24, 2018
Answer to Question 1

409.50, 4,609.50

Answer to Question 2

1,249.30, 31.34


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com
Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ... Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ...
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
How to find the definite integral using the fundamental theorem of calculus (Part 3) How to find the definite integral using the fundamental theorem of calculus (Part 3)
How to calculate present value using the compound interest formula (Question 1) How to calculate present value using the compound interest formula (Question 1)
Find angles (in radians) from trigonometric ratio Find angles (in radians) from trigonometric ratio
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library