Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Interest Calculation
ms jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
1 answer
275 / 2500 = ??
Change the decimal to a percent.
You can
ask a new question
or
answer this question
.
Related Questions
interest is a basic percentage charged on the principal or the initial amount of the loan.
interest is interest that is paid on
On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at interest. Jennifer plans to repay the loan on January 27.
Calculate to final loan amount of a $500 credit card loan with a %16 compound interest rate, compounded monthly, for a 1-year
calculate the final loan amount of a $22,500 auto loan with a 3.2% simple interest rate over a 5-year term.
a $72,000 b $58,500 c
Calculate the final loan amount of a $500 credit card loan with a 16% compound interest rate, compounded monthly, for a 1-year
Tom Newman took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. after 4 payments the balance is
Calculate the final loan amount of a $22,500 auto loan with a 3.2% simple interest rate over a 5-year term.
$26,100 $58,500
Calculate the final loan amount of a $500 credit card loan with a 16% compound interest rate, compounded monthly, for a 1-year
calculate the final loan amount of a $500 credit card loan with a 16% compound interest rate, compounded monthly, for a 1-year
Find the periodic payment R required to amortize a loan of P dollars over t yr with interest charged at the rate of r%/year