find the interest paid on a loan of $2800

find the interest paid on a loan of $2800

Question # 00018831 Posted By: jia_andy Updated on: 07/01/2014 07:59 AM Due on: 08/31/2014
Subject Finance Topic Finance Tutorials:
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1. find the interest paid on a loan of $2800 for two years at a simple interest rate of 11% per year.

2. Find the maturity value of a loan of $2400.00 after three years. The loan carries a simple interest rate of 7.7% per year.

3. Convert to years, expressed in decimal form to the nearest hundredth. Nine months.

4. A man needed money to buy lawn equipment. He borrowed $800.00 for five months and paid $53.95 in interest. What was the rate of interest?
5. Find the exact interest on a loan of $32,600 at 7% annually for 20 days.

6. A loan made on March 13 is due September 10 of the following year. Find the exact time for the loan in a non-leap year and a leap year.

7. A loan is made on March 20 for 181 days. Find the due date.

8. A loan for $2000 with a simple annual interest rate of 15% was made on June 18 and was due on August 18. Find the exact interest.

9. Find the adjusted balance due at maturity for a 90 day note of $18,000 at 13.8% ordinary interest is a partial payment of $4000 is made on the 60th day of the loan.

10. Raul Fletes borrowed $7000 on a 210 day note that required ordinary interest at 13.41%. Raul paid $3500 on the note on the 140th day. How much interest did he save by making the partial payment?
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  1. jia_andy
    Tutorial # 00018288 Posted By: jia_andy Posted on: 07/01/2014 08:00 AM
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    three years. The loan carries a simple interest rate of 7.7% ...
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