Question: Question #19 Using the ordinary interest (360 days) method, calculate the annual interest rate in the folowing problem. It necessary, round your answer to the

Question #19 Using the ordinary interest (360 days) method, calculate the annual interest rate in the folowing problem. It necessary, round your answer to the nearest hundredth percent Annual Principal Interest Rate Time Interest $11,000 []% 135 days $440 l clear Undo Undo Next > 2 0 Type here to DOLL

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 Finance Questions!

Using the ordinary interest (360 days) method, calculate the annual interest rate in the following problem. If necessary, round your answer to the nearest hundredth percent. mncipal Annual Interest...

Using the ordinary interest (360 days) method, calculate the principal in the following problem. If necessary, round your answer to the nearest dollar Annual Principal Interest Rate TimeInterest 9.1...

Using the ordinary interest (360 days) method, calculate the principal in the following problem. If necessary, round your answer to the nearest dollar. Principal Annual 7.5% 225 days $750 Clear Undo...

Using the ordinary interest (360 days) method, calculate the time (number of days) for which the money is borrowed in the following problem. If necessary, round your answer to the nearest day Annual...

Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a %) for the simple discount note. Round dollars to the nearest cent and round effective...

Part 1 1. During the great recession that began in January 2008, average weekly claims for unemployment were 420,000. The normal weekly average during full employment is 122,000. How many more people...

PART B: Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a %) for the simple discount note. Round dollars to the nearest cent and round...

18, 20 please. Notes Using ordinary interest, 360 days, calculate the bank discount, proceeds, and effective rate for the following simple discount notes. Round effective rate to the nearest...

LEARNING COMPETENCIES After studying this module, you will be able to do the following: Find the amount of simple and compound interest; Ascertain exact, ordinary interest, maturity value, and simple...

A Social Security number is used to identify each resident of the United States uniquely. The number is of the form xxxxxxxxx, where each x is a digit from 0 to 9. (a) How many Social Security...

Find Io in the network in figure using Norton?s theorem. ww- 2 kn 6 kn 3 kn 12 v(+ 2 kn 4 kn

3. What is the difference between the top-down and bottom-up approach to developing a budget?

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

2. Assess the management, organization, and technology factors that have created this problem. In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear facilities. In...

8-5 Security isnt simply a technology issue, its a business issue. Discuss.

2. What is the possible business impact of this security breach for both MWEB and its customers? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a...