Abank loaned out $11,000, part ofitatthe rate of 6% per year How much ofthe $11,000 did...
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 $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
Q8.4: Danielle has loaned $500 to Richard at a 4% annual rate of interest for one year. If the inflation rate is constant at 7% for the entire term of the loan, how much purchasing power is lost after Richard repays the loan in full? A $140 B $21.40 C $36.40 D $15.00
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...
sam invested 2100, some at 8.6% interest and the rest at 10%. how much did he invest at each rate if he received 201.60 in interest in one tear?
You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years? You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
hi how to do 6 and 7) please You are interested in taking out a loan of $30,000 from your local bank. The bank charges you an interest rate of 5% per year, and you would like to repay the loan in ten equal annual instalments, each one paid at the end of the year. How much would you need to pay to the bank at the end of each year? amo $3,000. $3,634.22. $3,885.14. $3,998.62. (7) Which of the...
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%...
On a 3 year fixed payment loan, the fixed payment equals $3,900 a year. If the interest rate on the loan is 6%, how much is the loan. Question 19 options: $10,425 $12,999 $14,256 $11,700 What is the price of a consol bond that has annual coupon payments of $7500, a an interest rate of 5%, Question 28 options: $140,000 $150,000 $160000 $7142 What is the price of a 3 year coupon bond with a coupon payment of $150 and...