Answer:
£10200
Step-by-step explanation:
Amount borrowed (P) = £6000
Rate of interest (R) = 7%
Time (T) = 10 years
First, let us calculate the simple interest (SI) for 10 years.
Formula for simple interest is given as:
Plugging the values of P, R and T in the above formula, we find:
S.I.= £4200
Total money paid back at the end of the 10 years
= £6000 + £4200
= £10200
That expression is written like so:
(5 + d)/(12 - w)
Answer:
1. Yes
2. Yes
3. Yes
4. No
Step-by-step explanation:
Answer:
$2070.14
Step-by-step explanation:
Credit card terms vary, as do methods of computing interest and new balance. Here, we'll assume that no payment has been made (<em>in violation of the terms of the credit card</em>), and that the finance charge is only applied to the previous balance.
The finance charge is ...
$1853.68 × 0.249 ÷ 12 = $38.46 . . . . . . . the monthly rate is 0.249÷12
Then the new balance will be the sum of the previous balance, finance charge, and new transaction(s):
$1853.68 +38.46 + 178.00 = $2070.14
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<em>Comment on lack of payment</em>
Because no payment has been made, there may also be a late-payment charge added to the balance.
