Q: If $3702.40 earned $212.45 interest from
If $3702.40 earned $212.45 interest from September 17, 2018, to March 11, 2019, what rate of interest was earned?
See AnswerQ: A loan of $3300 at 6 1 4 % simple interest
A loan of $3300 at 6 1 4 % simple interest was made on March 27. On what date was it repaid if the interest cost was $138.44?
See AnswerQ: Marta borrowed $1750 from Jasper on November 15, 2019,
Marta borrowed $1750 from Jasper on November 15, 2019, and agreed to repay the debt with simple interest at the rate of 7.4% on June 3, 2020. How much interest was owed on June 3?
See AnswerQ: Petra has forgotten the rate of simple interest she earned on a
Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she received interest of $327.95 on her $21,000 deposit. What rate of si...
See AnswerQ: Jacques received the proceeds from an inheritance on March 15. He
Jacques received the proceeds from an inheritance on March 15. He wants to set aside, in a term deposit on March 16, an amount sufficient to provide a $45,000 down payment for the purchase of a home o...
See AnswerQ: Sheldrick Contracting owes Western Equipment $60,000 payable on June
Sheldrick Contracting owes Western Equipment $60,000 payable on June 14. In late April, Sheldrick has surplus cash and wants to settle its debt to Western Equipment, if Western will agree to a fair re...
See AnswerQ: Peter and Reesa can book their Horizon Holiday package at the early
Peter and Reesa can book their Horizon Holiday package at the early-booking price of $3900, or wait four months and pay the full price of $3995. 1. Which option should they select if money can earn a...
See AnswerQ: What amount on January 23 is equivalent to $1000 on the
What amount on January 23 is equivalent to $1000 on the preceding August 18 if money can earn 6 1 2 %?
See AnswerQ: Calculate the price of a $50,000, 91-
Calculate the price of a $50,000, 91-day Province of Nova Scotia Treasury bill on its issue date when the market rate of return was 1.273%.
See AnswerQ: Rearrange S = P(1 + rt), to isolate t
Rearrange S = P(1 + rt), to isolate t on the left side.
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