Need math help to Solve Problems about the rate of simple interests

Jan 10th, 2016
DreamIt
Category:
Mathematics
Price: $5 USD

Question description

A sum of $12,500 amounts to $15,500 in 4 years at the rate of simple interest. What is the rate of interest?


An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes


A lent $5000 to B for 2 years and $3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is


A sum of $725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, S33.50 is earned as interest from both the loans. What was the original rate of interest?


A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay $5400 interest only for the period. The principal amount borrowed by him was:

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Rice University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

5 Reviews


Summary
Quality
Communication
On Time
Value
ashleyisgod
Nov 24th, 2016
" Top quality work from this guy! I'll be back! "
Molly_Moon
Nov 2nd, 2016
" AMAZING as always! "
Hemapathy
Oct 10th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Sep 27th, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Sep 18th, 2016
" Goes above and beyond expectations ! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors