« 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 323 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?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

How to find the X and Y components of any vector How to find the X and Y components of any vector
How to find the derivatives of inverse hyperbolic functions How to find the derivatives of inverse hyperbolic functions
Find the derivative of f(x) = 6x^3 - 9x + 4 Find the derivative of f(x) = 6x^3 - 9x + 4
To find derivative us the chain rule To find derivative us the chain rule
Find derivative using chain rule Find derivative using chain rule
A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ... A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August ...
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library