amount borrowed-----annual rate------time-----simple interest
------------------------- ------------------- ----------- ---------------------
1. $1250/////////////// ? ///////// 30 months ///////////////$500
2.a $6500 automobile loan is to be repaid in 3 years. The total amount to repaid is $9230. If the inteterest were simple interest, what would be the annual rate?
3. Al Grey borrowed $8000 at 9% compounded semianually. When the entire interest and principal are repaid at the end of 2 years, how much will Al owe?
4. You borrow $2500 at 16% interest, compounded semianually. No interest is due until you repay the loan. If you repay the loan at the end of 18 months, how much will you pay?
5. Julian Dolby invested in $5000 in a special savings account that pays 8% interest, compounded quarterly. How long must Julian keep his money in the account to earn at least $250 in interest?
2007-04-10 15:13:27 · 5 answers · asked by amaneetj 2 in Business & Finance ➔ Personal Finance
You expect all of your homework done for only 5 points. It took more effort than that just to enter the question.
Your carrot isn't big enough.
2007-04-10 15:22:09 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
Get offline and start up up doing all your homework. Wow, you're so dumb, you're even interior the incorrect branch. it is elegance&sort, no longer place the place CHEATERS GET solutions. through the way, I in simple terms checked your profile, and all your previous questions have been approximately your math homework. Get a show or some thing!
2016-12-08 23:46:50 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Sorry only 1 question per 2 pts.
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2007-04-10 18:07:10 · answer #3 · answered by SWH 6 · 0⤊ 0⤋
There is no point to being in school if you don't learn anything.
2007-04-10 16:56:53 · answer #4 · answered by miked98765 2 · 0⤊ 0⤋
I NEED MORE POINTS!!! LUV YA ANU...JK...REALLY I AM JK!!!
2007-04-10 15:34:01 · answer #5 · answered by Emily 2 · 0⤊ 0⤋