hi! i have a homework and i cant understand the questions... can you please help me?

Question

1. using approximate time, find the exact interest on $75,000 at 8 1/4 % from maRch 8, 2002 to May 25, 2003?

2. on september 12, 2002, jody mcGuirre went to Abc BAnk to borrow $ 230, 000 at 9% interest. jody repaid the loan on january 27, 2003. assuming the loan is on exact time, ordinary interest, how much did jody pay?


please help ,me..

Answer 1

Interest problems: can be for paying interest of gaining interest

formula:
I = nRT
where I is interest earned
n is the amount of money
R is the rate in decimal form
T is the time in years

plus em in and chug away!
I = (75,000)(0.0825)(find a calendar and figure out how many days and convert to years)

__________________________

I=nRT
I = 230,000 x 0.09 x (again with the calendar and convert to years)

Answer 2

You're severe? You cannot recognize "conditioned" reaction? It approach, it is some thing that you just might now not do evidently, however might be (or had been) taught this response. The instance comes from Pavlov's puppies who might now not customarily and evidently salivate on the sound of a bell. Where in nature might they've picked that up? Examples of conditioned responses? How so much every body stands dealing with ahead within the elevator. NOTHING in nature indicates that it is higher to journey up or down dealing with by some means; but, we as a society TEACH ourselves to all conform. Let's see ... We devour at meal TIMES rather of after we're hungry. But over the years we uncover that the arriving of the time for dinner triggers the reaction. Example: While we could keep in mind a minute previous that we weren't feeling hungry, as quickly as we seem up on the clock and notice that it is "lunch time," we abruptly suppose hungry. The factor is that HUNGER does not (or is not going to) care approximately a clock. To additional force residence the factor, starvation has existed due to the fact that the construction of guy, however the proposal of time has now not. We have conditioned ourselves to hyperlink time to starvation while no normal hyperlink exists in nature. Others? Putting a quit the guts after we listen the countrywide anthem. That is NOT normal, it's taught. Post-tramatic pressure ailment is a "prompted" response that was once found out over the years, beneath very annoying stipulations. Etc.

Answer 3

http://www.score.org/template_gallery.html

Go here and find the Amortization table.
You can save it if you have Excel, or you can use it on site.

Enter your numbers.