Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

The interest charged on a loan was $32.50 for 120 days. The loan principal was $905. What rate of simple interest per annum was used?

The interest charged on a loan was $32.50 for 120 days. The loan principal was $905. What rate of simple interest per annum was used? (% to 2 decimals)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Discrete Mathematics

Authors: David J Hunter

2nd Edition

1449604447, 9781449604448

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Flying High Airlines, a small commuter airline, has the following items on its balance sheet-airplane, fuel truck, trademark, baggage handling machine, building, airplane fuel. Required: Indicate the...

Answered: 1 week ago

Question

★★★★★

Mark Peaker owns Peakers Sneaker Shop of Dartmouth. (In your working papers, balances as of May 1 are provided for the accounts receivable and general ledger accounts.) The following transactions...

Answered: 1 week ago

Question

★★★★★

Transparency and disclosure: How did the evaluation make complete descriptions of findings, limitations, and conclusions available to all stakeholders, unless doing so would violate legal and...

Answered: 1 week ago

Question

★★★★★

Determine the magnitudes of F1, F2 and F3 for equilibrium of the particle F = {- 9i - 8j - 5k}. Units Used: kN = 103 N Given: F = (-9 -8 -5) kN a = 4 m b = 2 m c = 4 m θ1 = 30 deg θ2 = 60...

Answered: 1 week ago

Question

★★★★★

1-Belfour and Naveen work at Best Buyers. Last year they developed a computer program called Gamification that assist business with training new employees. After one year selling the program, they...

Answered: 1 week ago

Question

★★★★★

BMAL340 - Assignment 6.2-2-6.12.18 [Protected View] - Excel Home Insert Page Layout Formulas Data Humphries, leshua Review View Tell me what you want to do PROTECTED VIEW Be careful--files from the...

Answered: 1 week ago

Question

★★★★★

Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income. If Leonardo and his...

Answered: 1 week ago

Question

★★★★★

Question 4 - Prepare financial statements Driftwood Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year...

Answered: 1 week ago

Question

★★★★★

Below are the transactions for Button Sewing Shop for March, the first month of operations. March 1 Issue common stock in exchange for cash of $2,600. March 3 March 5 March 7 Purchase sewing...

Answered: 1 week ago

Question

★★★★★

What idea justifies employers being conscious of employees working too many long hours? a.) Employees working long hours can be counterproductive to a firm. b.) Constant disengagement by employees...

Answered: 1 week ago

Question

★★★★★

CC13-1 Evaluating Profitability, Liquidity, and Solvency [LO4, L05) Looking back over the past few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicole's...

Answered: 1 week ago

Question

★★★★★

Part 2: Legal risk Scenario 2 - Work, Health, and Safety law Cameron is a senior office supervisor. Cameron works for The Travel Curators, a part of The Experience Co-operative. Cameron tells you...

Answered: 1 week ago

Question

★★★★★

9. Imagine that you have achieved the goal you set for yourself in task 8. a. What do you see in the past? b. How do you feel? c. What do you hear? d. How does this change your roles? e. How does...

Answered: 1 week ago

Question

★★★★★

8. Set a goal that you really want to achieve in the near future, lets say 12 years. How does this goal fit in relation to the form roles and values above? What role and what value was it that...

Answered: 1 week ago

Question

★★★★★

7. Fill out the form below. Only the most important roles and your basic values are to be filled.

Answered: 1 week ago

Previous Question Next Question