« 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 356 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 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

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

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Part of this child's pattern of daily living is attending child care during the work day Part of this child's pattern of daily living is attending child care during the work day
The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
How to find the median of a triangle How to find the median of a triangle
How to find the volume and surface area of any triangular prism How to find the volume and surface area of any triangular prism
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
October 27 2023 October 27 2023
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library