subject
Mathematics, 08.10.2019 11:30 kataldaine

1.
loan amount: $15,000
method of interest payment: discount basis
amount of interest paid: $650
effective rate of interest?

2.
loan amount: $15,000
method of interest payment: collect basis
amount of interest paid: $650
effective rate of interest?

for #1. i got 4.3% but i don’t know if i’m doing it right.

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:20, starxx05235
Abank gives 6.5% interest per year. what is the growth factor b in this situation?
Answers: 3
image
Mathematics, 21.06.2019 17:00, danjan9084
Aplane flies around trip to philadelphia it flies to philadelphia at 220 miles per hour and back home with a tailwind at 280 miles per hour if the total trip takes 6.5 hours how many miles does the plane fly round trip
Answers: 1
image
Mathematics, 21.06.2019 17:30, blakestuhan
Haley buys 9 pounds of apples for $3. how many pounds of apples can she buy for $1?
Answers: 1
image
Mathematics, 21.06.2019 18:00, cexe2630
The administrator of a large assisted living facility wanted to know the average age of the residents living at the facility. he randomly selected 12 residents and determined their age, listed here: 80, 65, 75, 83, 68, 73, 88, 79, 94, 72, 79, 68 what's the average age of the sample of residents? a. 79 years old b. 68 years old c. 75 years old d. 77 years old
Answers: 1
You know the right answer?
1.
loan amount: $15,000
method of interest payment: discount basis
amount of int...

Questions in other subjects: