Question: Using the simple interest formula 1 = Prt, compute the amount of interest earned on $355.00 at 8.78% p.a. from January 18, 2006 to February

Using the simple interest formula 1 = Prt, compute the amount

Using the simple interest formula 1 = Prt, compute the amount of interest earned on $355.00 at 8.78% p.a. from January 18, 2006 to February 2, 2006. The interest earned was $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places 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 Finance Questions!

Test: Lab 2 This Question: 1 pt 2 of 10 ( complete) Using the simple interest formula 1 = Prt, compute the amount of interest earned on $688.00 at 8.89% p.a. for 208 days. The interest eamed is $...

2 1 Using the simple interest formula 1 = Prt, compute the amount of interest earned for $6963.00 at 8% for 3 years. 33 The interest earned is $ (Round the final answer to the nearest cent as needed....

Test: Lab 2 Using the simple interest formula I = Prt, compute the amount of interest earned on $1126.00 at 9.34% p.a. for 189 days. The interest earned is $ (Round the final answer to the nearest...

the simple interest formula I = Prt, compute the amount of interest earned on $263.00 at 9.44% p.a. from March 28, 2006 to April 27, 2006. . . . . . nterest earned was $ | nd the final answer to the...

Using the simple knterest formula I = Prt, compute the amount of interest earned for $1728.00 at 7 2/5% for 4 3/4 years. 2 3 Using the simple interest formula 1= Prt, compute the amount of interest...

Using the simple interest formula I=Prt, compute the amount of interest earned on $384.00 at 8.29% p.a. from February 25, 2006 to March 17, 2006. The interest earned was $____ (Round the final answer...

Using the simple interest formula, determine the number of days until $964.00 will earn $32.58 interest at 5% p.a. The number of days required is (Round up the final answer to the nearest day as...

A loan payment of $1300.00 was due 40 days ago and another payment of $700.00 is due 70 days from now. What single payment 100 days from now will pay off the two obligations if interest is to be 9%...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Harper Company lent Howell Company $40,000 on December 1, accepting a four-month, 6% interest note. When Harper collects this note. What is the journal entry to record the collection assuming one...

Approximate the solutions to the following elliptic partial differential equations, using Algorithm 12.1: a. 2u / x2 + 2u / y2 = 0, 0

You are analyzing a 2 0 0 , 0 0 0 square - foot commercial property. The potential gross income is $ 3 0 per square foot. Operating expenses, including real estate taxes, CAM and reserves are $ 1 6 ....

The data given to the right includes data from 38 candies, Weights (g) of a Sample Bag of Candy and 6 of them are red. The company that makes the candy claims that 32% of its candies are red. Use the...

Ethics. A friend of a college football coach faxed the coach a description of plays from a rival teams playbook. The coachs team was scheduled to play the rival team the next week.The coach accepted...

Create a name and catchy tag line for your business. A tag line is an easy-to-remember motto or phrase that succinctly describes your service or your approach to business.

Ethics. A pharmaceutical company hides indications of a drugs dangerous side effects and delays sending a message to physicians about possible effects until six months after research documented...