ak8itoktfDshibelfor ak8itoktfDshibelfor

13-05-2016
Mathematics

Answered

Work the following interest problem.

Loan Amount: $13,000

Method of payment: discount basis

Amount of Interest: $625

Term of loan: 1 year

Verified Answer :

23-05-2016

Loan Amount: $13,000
Method of payment: discount basis
Amount of Interest: $625
Term of loan: 1 year
Solution:
=> 13 000 + 625 (interest) = 13 625 dollars.
=> 13 625 dollars / 12 months = 1135.42 dollars monthly

Answer Link

Related Questions

Great Britain was the largest empire in the world before World War I Great Britain also had the worlds largest navy Germanys ruler Kaiser Wilhelm was jealous of

find the value of x 1281523x

In figure 125 what is adding base pairs to the strand

One way in which Toussaint LOuverture Simón Bolívar and José de San Martín are similar is that they all were 1 supporters of mercantile policies 2 leaders of i

How do observations of earthquake and volcanic activity support the theory of plate tectonics Thank you for taking the time to answer

The cartoon can hold 1000 unit cubes I measured 1 x 1 x 1Describe the dimensions of the carton using unit cubes

An event in a story thats exactly the reverse of what was expected to happen is an example of A situational irony B dramatic sarcasm C character action D subtle

Who was the 17th president

what year was the treaty of redlake signed

Which ten provinces territories and states do the Rocky Mountains run through

Web Analytics