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Author Question: What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%? (Read 160 times)

KWilfred

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on: Jun 6, 2019

Question 1

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?
◦ $1304.83
◦ $1285.25
◦ $1204.83
◦ $1403.83
◦ $1503.83

Question 2

What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?
◦ $99.83
◦ $119.80
◦ $1198
◦ $0
◦ $9.98
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by KWilfred on Jun 6, 2019

jessicaduplan

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KWilfred

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Reply #2 on: Jun 6, 2019
Excellent


jessicaduplan

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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