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Author Question: Suppose you borrow $1000 for a term of six years at simple interest and 5.25% APR. How much interest ... (Read 102 times)

sam.t96

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Question 1

Edward's real estate tax bill was $7450 last year. If he paid $8100 this year, what was the percent increase on his taxes? Round your answer to the nearest hundredth of a percentage point.
◦ 8.72%
◦ 91.98%
◦ 4.35%
◦ 8.02%
◦ 80.70%

Question 2

Suppose you borrow $1000 for a term of six years at simple interest and 5.25% APR. How much interest must you pay on the loan?
◦ $31.50
◦ $52.50
◦ $315.00
◦ $262.50
◦ $525.00


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Marked as best answer by sam.t96 on May 5, 2020

trog

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sam.t96

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Reply 2 on: May 5, 2020
:D TYSM


flexer1n1

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Reply 3 on: Yesterday
Wow, this really help

 

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