Sigchi4life
Category:
Mathematics
Price: \$5 USD

Question description

Question 4

1. How much interest will have to be paid on a loan of \$50,967 for 23 months at a simple interest rate of 10.6% per year?

 \$10,441.81 \$10,354.80 \$10,805.00 \$9904.59

### Question 5

1. Find the interest paid on a loan of \$5410 at 7% annual simple interest for 2.4 years.

 \$908.88 \$478.36 \$1287.58 \$871.01

### Question 6

1. Find the interest paid on a loan of \$69,750 at 9% annual simple interest for 2.7 years.

 \$16,321.50 \$8920.66 \$23,226.75 \$16,949.25

### Question 7

1. Find the maturity value of a loan of \$6787 after 4 months. The loan carries a simple interest rate of 14% per year.

 \$7106.39 \$7103.73 \$7024.55 \$7182.91

### Question 8

1. Find the maturity value of a loan of \$13,942 after 8 months. The loan carries a simple interest rate of 11.9% per year.

 \$15,048.07 \$14,909.81 \$15,186.32 \$15,057.36

### Question 9

1. Find the maturity value of a loan of \$49,583 after 18 months. The loan carries a simple interest rate of 8.3% per year.

 \$56,099.03 \$55,807.96 \$55,413.13 \$55,756.08

### Question 10

1. Find the total amount of money (maturity value) that the borrower will pay back on a loan of \$3429 at 14% annual simple interest for 2.8 years.

 \$4725.16 \$4136.46 \$4773.17 \$5253.23

(Top Tutor) Daniel C.
(997)
School: Purdue University
Studypool has helped 1,244,100 students

1823 tutors are online

### Related Mathematics questions

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