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How much money was borrowed at 16

Webhow much was borrowed originally? Found 2 solutions by rfer, stanbon: Answer by rfer (16321) ( Show Source ): You can put this solution on YOUR website! 896/1.12=$800 Answer by stanbon (75887) ( Show Source ): You can put this solution on YOUR website! money is borrowed at 12% simple interest. after 1 year, $896 pays off the loan. WebAnswer: I = $ 1,937.50 Equation: I = Prt Calculation: First, converting R percent to r a decimal r = R/100 = 3.875%/100 = 0.03875 per year, then, solving our equation I = 10000 × 0.03875 × 5 = 1937.5 I = $ 1,937.50 The …

How to Calculate Simple Interest: 10 Steps (with Pictures) - WikiHow

WebExpert Answer. 100% (1 rating) Transcribed image text: Money is borrowed at 16% simple interest. After one year, $803.88 pays off the loan. How much was originally borrowed? WebInterest Calculator. Simple interest is one of the most basic ways to calculate how much financing will cost you or how much you can earn on an investment. Check out our simple … floating feathers filter https://remax-regency.com

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Web14. How much money was borrowed at 16% annual interest for 9months if the interest paid was Php 3,000?A. Php12,500 C. Php20,000 B. Php15,000 D. Php25,000. 15. WebDec 19, 2024 · Once you have numbers for all the values, you can determine the total amount of money that will be accumulated over the life of the loan or investment, including interest. This amount is symbolized by the letter "A" … WebMay 4, 2024 · 15) Derek needs $2400 new equipment for his shop. He can borrow this money at a discount rate of 14% for a year. Find the amount of the loan he should ask for so that his proceeds are $2400. 16) Mary owes Jim $750, and wants to repay him. Mary decides to borrow the amount from her bank at a discount rate of 16%. great hotels in key west florida

How much money was borrowed at 16% annual interest

Category:Simple Interest Math Goodies

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How much money was borrowed at 16

6.1.1: Simple Interest and Discount (Exercises)

WebThis calculates the monthly payment of a $160k mortgage based on the amount of the loan, interest rate, and the loan length. It assumes a fixed rate mortgage, rather than variable, … WebJulie borrowed $300 for 2 months at 16% simple interest. What is the total amount due at the end of 2 months? This question was asked and answered on another submission recently. Pardha Saradhi Mandadi Arbitrator and Mediator at Self Employeed Professional (2014–present) Author has 10.1K answers and 2.5M answer views 1 y

How much money was borrowed at 16

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WebMath. Other Math. Other Math questions and answers. How much money was borrowed at 16% annual interest for 9 months if the interest paid was. Web169 views, 0 likes, 0 loves, 0 comments, 8 shares, Facebook Watch Videos from Abdullahi abdirahman: The Explainer: Is Kenya Broke? Understanding how and...

WebDec 10, 2014 · I need help figuring out how much is borrowed. Gonzalez Manufacturing borrowed $30000. Part of the money was borrowed at 10%, part at 12%, and part at 14%. … WebJan 23, 2024 · For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. That $100 is how much you’ll pay in interest in the first month. However, as ...

WebJun 17, 2024 · 46. How much money was borrowed at 16% annual inte - Gauthmath. Math Resources /. algebra /. word problem /. 46. How much money was borrowed at 16% … Web7.16 yrs: 7.77 yrs: 8.54 yrs: 9.56 yrs: 11.03 yrs: 13.48 yrs: $1,300/mo: 6.87 yrs: 7.42 yrs: 8.11 yrs: 9.02 yrs: 10.29 yrs: 12.28 yrs: $1,350/mo: 6.59 yrs: 7.10 yrs: 7.73 yrs: 8.54 yrs: 9.64 …

Web16y + 12y + 36y = Rs. 320000 or in other words, we can write 64y = Rs. 320000 and y = Rs. 5000. Therefore the sum that Khan invests in scheme B = Rs. 5000 and the correct option is B) Rs. 5000. Practice Questions

WebI = (1200)* (0.18)* (0.75) = 162.00 Answer: Kevin paid $162.00 in interest. In the problem and example above, money was borrowed and interest was paid for borrowing that money. A person can also earn interest on money invested. Let's look at an example of this. floating feathers lodge cayuga lakeWebQuestion 1182279: Money is borrowed at 16 % simple interest. After one year, $1131.00 pays off the loan. How much was originally borrowed? Answer by mananth (16132) ( … floating feathers lodgeWebProceed to enter the loan term (duration) pay back period which usually, but not always coincides with the compounding period. The loan calculator will output the pay back … floating feat. khalid 下载WebCalculate Monthly payments $ 93.22 Total principal paid $5,000 Total interest paid $592.91 Compare loan rates Show amortization schedule Add extra payments Without taking out loans, many of us... great hotels in lisbonWebUse our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule. Loan amount ($) Annual interest rate (0% to 40%) Term of loan … floating feathers svgWebMar 16, 2024 · The Rush Into Money Funds Is Slowing, But They’re Still Growing ... March 16, 2024, 8:30 PM UTC Updated on ... Banks borrowed a combined $164.8 billion from two Federal Reserve backstop ... floating feathers mill hall paWebTranscribed image text: Money is borrowed at 16% simple interest. After one year, $803.88 pays off the loan. How much was originally borrowed? floating feces meaning