« 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 341 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?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Political parties vs interest groups Political parties vs interest groups
How to find the quartiles and percentiles for a data set How to find the quartiles and percentiles for a data set
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
How to find the components of a vector found in the first quadrant How to find the components of a vector found in the first quadrant
How to find the domain when sine and cosine are in the same function How to find the domain when sine and cosine are in the same function
Find the magnitude and the direction of the resultant vector of the vectors below. Find the magnitude and the direction of the resultant vector of the vectors below.
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library