garrorosaoxocci garrorosaoxocci
  • 04-02-2020
  • Mathematics
contestada

The simple interest due on a six month loan of $2500 is $125. What is the monthly payment of the loan?

Respuesta :

DevonFen DevonFen
  • 10-02-2020

The monthly payment of the loan is  =$ 437.5

Step-by-step explanation:

Given , the simple interest due on a six month loan of $2500 is $125.

Total amount he paid =$ (2500+125)

                                    =$2625

The monthly payment of the loan is =$(2625÷6)

                                                                =$ 437.5

Answer Link

Otras preguntas

Easy Cooking is a cooking supply company. This year, the company sold 22,169 ovens. According to a report prepared by the sales team, that is 30% fewer than the
can you pleasee help me​
Use the diagram below to find the lengths of the missing sides. Figures in each diagram are similar. X=1 X=5 X=4.5 X=15
(6,11), (x, 15); slope =2 find x
Are freight charges contra-asset?​
Two stones, one with twice the mass of the other, are thrown straight up and rise to the same height h. Compare their changes in gravitational potential energy.
If Sin theta=3/4,find the value of cos theta
Identify domain and range of f(x)= sqrt(x+6+2)
· The list price of an article is 25% above the selling price and the costprice is 40% below the list price. Find the rate of discount and profit?​
[tex]\text {What happened to the Mayas?}[/tex]