A business takes out a simple interest loan of $10,000 at a rate of 7.5% what...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A business takes out a simple interest loan of $10,000 at a rate of 7.5% what is the total amount of the business will repay if the loan is for 8years? A total of $1,200 is invested at a simple interest of 6% for 4 months. how much interest is earned on this invested? A business takes out a simple interest loan of $10,000 at a rate of 7.5% what is the total amount of the business will repay if the loan is for 8years? A total of $1,200 is invested at a simple interest of 6% for 4 months. how much interest is earned on this invested?
Expert Answer:
Answer rating: 100% (QA)
To determine the total amount of the loan that the business will repay you can ... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
Posted Date:
Students also viewed these accounting questions
-
What is the total amount of estate removed from Barry and Mary's estate?
-
What is the total amount removed from Joshua's estate in 2014?
-
What is the total amount Bae will have to repay for his $25,000 student loan if the interest rate is 6 percent over 10 years? What is the total amount he would have to repay if the $25,000 was a...
-
Seeking for information of a specific organization then answer following questions: (1) Give a brief introduction of the chosen organization. (2) Explain the type of the chosen organization. What are...
-
Charles Zandford was a securities broker for Prudential Securities, Inc., in Annapolis, Maryland. In 1987, he persuaded William Wood, an elderly man in poor health, to open a joint investment account...
-
P,Q and R are partners sharing profits and losses in the ratio of 1/4:1/4:1/2. They decided to dissolve their business on 31.3.2018, when their Balance Sheet was as follows: P is insolvent....
-
If you want to maintain a potential difference of \(6000 \mathrm{~V}\) between the plates of a parallel-plate capacitor, what is the minimum value of the plate separation if the space between the...
-
Legacy issues $ 325,000 of 5%, four- year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $ 292,181 and their market rate is 8% at the issue...
-
estion 45: Which key lets you select multiple worksheets in a workbook? swer: (Shift) 13 (Tab) O (Alt) O (Enter)
-
The country of Emmental has three firms, whose information is displayed below (in thousands). Fill in the missing information (also in thousands). Assume that no international trade exists and that...
-
How do geneticists design an assay for a genetic screen? 3 (12pt) Arial
-
z = 1.9 for H a : 25.7 Find the P-value that corresponds to the standard z-score, and determine whether the alternative hypothesis is supported at the 0.05 significance level.
-
A pressure cooker contains 0.5 m 3 water and water vapor mixture at 300C. Calculate the mass of each if their volumes are equal.
-
A particle carrying charge \(q_{\mathrm{p}}=+10 \mathrm{nC}\) is located at \(y_{\mathrm{p}}=0.030 \mathrm{~m}\) on the \(y\) axis of an \(x y\) coordinate system. A nonconducting rod of length...
-
Mr. G.C. Gupta, the erstwhile Marketing Director of Hindustan Industrial Corporation Ltd., has recently taken over as the Managing Director of the company. He is an engineer by qualification and a...
-
A particle carrying charge \(+q\) is placed at the center of a thick-walled conducting shell that has inner radius \(R\) and outer radius \(2 R\) and carries charge \(-4 q\). A thinwalled conducting...
-
An employee at Best Beans Expresso is earning $13.70 per hour. If the employee is paid time and a half for working overtime (any hours over 40 hours in a week,) write an expression for the weekly...
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
What is an REIT, and how are they similar to and different from mutual funds?
-
What information do you need to calculate an accurate income statement? What are likely to be the four largest expenses?
-
Assume that you own 200 shares of General Dynamics Corp. (GD) selling at $90 per share. In order to make the stock more affordable for the average investor, GD's management has decided to split the...
-
You manage a small ice cream shop in which your employees scoop the ice cream by hand. Each night, you total your sales and the total volume of ice cream sold. You find that on nights when an...
-
For the past 100 years, the mean batting average in the major leagues has remained fairly constant at about 0.260. However, the standard deviation of batting averages has decreased from about 0.049...
-
Find two examples of data distributions in recent news reports; they may be given either as tables or as graphs. In each case, state the range of the distribution and explain its meaning in the...
Study smarter with the SolutionInn App