Question: Can someone help me on these problems? The principal P is borrowed at a simple interest rate r for a period of time t. Find

Can someone help me on these problems?

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year. P = $17,000, r = 6%, t= 120 days The simple interest owed is $. (Do not round until the final answer. Then round to the nearest cent as needed.)The principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future value A. or the total amount due at time t. P = $9000, r = 7%, t = 6 years $D (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Can someone help me on these problems? The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a...

math 1. If a principal P is borrowed at a simple interest rate r (expressed as a decimal) for a period of t years, the interest charge I is __________. 2. If a lender deducts the interest from the...

Express the given fraction as a percent. five sixths Express the given decimal as a percent. 0.0862 An exercise machine with an original price of $790 is on sale at 22% off. a. What is the discount...

1. Express the given fraction as a percent. 3/8 (Round to the nearest hundredth as needed.) 2. Express the given decimal as a percent. 0.9202 3. An exercise machine with an original price of $850 is...

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 365 days in a year. P=$11,500,r=12%,t=60days The simple...

What is the total cost of a $711 tablet computer that is on sale at 14% off if the local sales tax rate is 5%? The cost of the tablet is $ ?. (Round to two decimal places as needed.) A woman earned...

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P =$7000, r=4.5%, t=6...

Solve the following logarithmic equation. log 4 (11x) = 2 Select the correct choice below and, if necessary, fill in the answer box to complete your choice. O A. The solution set is (Simplify your...

A sofa regularly sells for $640. The sale price is $544.00. Find the percent decrease of the sale price from the regular price. ?% A woman earned wages of $40,900, received $1900 in interest from a...

Question 230f25 > This test: 25 point(s) possible @ This question: 1 point(s) possible Submit test The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple...

Do you expect the distributions of the following variables to be symmetric or skewed? Explain. a. Size in dollars of non secured loans b. Size in dollars of secured loans c. Price of an 8-ounce can...

What rights are attached to common shares? Where are these rights indicated?

( 8 pts ) Analyze the following limits . You must show work / reasoning with graphical or analytical methods. You don't need to do separate work for each part. a . lim x 4 x - 3 x 2 - 4 x b . , lim x...

Consider the following data. a. Develop a frequency distribution using classes of 1214, 1517, 1820, 2123, and 2426. b. Develop a relative frequency distribution and a percent frequency distribution...

Garcias Garage desires to create some colorful charts and graphs to illustrate how reliability its mechanics get under the hoods and fix the problems. The historic average for the proportion of...

A companys simplified balance sheet and income statement follow. Total assets and owners equity at the beginning of 2014 were $180,000 and $140,000, respectively. The owner made no investments or...

At Quickie Car Wash, the wash process is advertised to take less than 7 minutes. Consequently, management has set a target average of 390 seconds for the wash process. Suppose the average range for a...

You have been given the expected return data shown in the first table on three assets'F, G, and H'over the period 20132016. Using these assets, you have isolated the three investment alternatives...

Q3 Compare and contrast how the Korean government dealt with the financial crisis versus how the Japanese government dealt with its financial crisis. Explain particularly in terms of the legal...

2. Start with a person you want to model. a. Use the five positions to investigate how this person positions himself in relation to others, i.e. how he uses the five positions in his interaction with...

1. Start with a leader that you want to model. a. What is the stated purpose of this person? b. What is the vision of this person? c. How does he seek to achieve his purpose and vision? d. What does...

2. Now change the performance so that you play out the dream in your inner the-atre. Apply colours to the images you envision. Give some pictures a stronger colour than others and vice versa. Also...