A bank loaned out $14,000, part of it at the rate of 6 % per year and the rest at 14 % per year. If the interest received in one year totaled $1500, how much was loaned at 6 %?
A bank loaned out $14,000, part of it at the rate of 6 % per year...
Abank loaned out $11,000, part ofitatthe rate of 6% per year How much ofthe $11,000 did the bank loan out at 6%? and the rest at 16% per year if the interest received in one year totaled $1500, how much was loaned at
A bank loaned out $10,500, part of it at the rate of 2% annual interest, and the rest at 5% annual interest. The total interest earned for both loans was $270.00. How much was loaned at each rate? I was loaned at 2% and ] was loaned at 5%. sl Get help: Video A bank loaned out $10,500, part of it at the rate of 2% annual interest, and the rest at 5% annual interest. The total interest earned for...
3 Write an algebraic equation and use it to solve the problem. з) A bank loaned out$61,000,part of it at the rate of 13% per year and the rest at a rate of 8% per year. 3) If the interest received was $6130, how much was loaned at 13%? C) $36,000 A) $35,000 B) $26,000 D) $25,000 13% 18% eund 13 (x 8800 4880 , 13メ -ㄨㄧ -42 С70
Nikolas borrowed $14,000 to purchase new equipment for his landscaping business. The bank has loaned him this money at an annual interest rate of 7.5%. How much will Nikolas owe the bank when he repays his loan in eighteen months using simple interest?
A building contractor gives a $14,000 promissory note to a plumber who has loaned him $14,000. The note is due in 9 months with interest at 7%. Three months after the note is signed, the plumber sells it to a bank. If the bank gets a 9% return on its investment, how much will the plumber receive? Will it be enough to pay a bill for $14,066? How much will the plumber receive?
A business man loaned P500,000 from a local bank that charges an interest rate of 12%. A. how much is he going to pay at the end of 5 years if it was made at 12% simple interest. B. how much is he going to pay at the end of 6 years if it was made at 12% compounded quarterly. C. how much is he going to pay at the end of 7 years if it was made at 12%...
Sarah takes out a loan for $14,000 at an interest rate of 2 percent a year. She plans to repay the loan after 5 years. How much will he have to pay?
1. Investment problem: A bank loaned $10,000, some at an annual rate of 8% and some at an annual rate of 12%. If the income from these loans was $1,000, how much was loaned at 8 % and how much at 12%?
3. Suppose you take out a loan for school this year for $4500. The bank expects that the rate of inflation for next year will equal 2%. You and the bank agree that in one year's time, you will pay back the full amount at an interest rate of 6%. Next year though, there is a sudden rise in inflation, causing inflation to equals 7%. a. How much will you pay back in one year? b. What is the anticipated...
If 7000 dollars is invested in a bank account at an interest rate of 6 per cent per year,Find the amount in the bank after 13 years if interest is compounded annually:Find the amount in the bank after 13 years if interest is compounded quarterly:Find the amount in the bank after 13 years if interest is compounded monthly:Finally, find the amount in the bank after 13 years if interest is compounded continuously: