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3 years ago

1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?

1 answer:

7 0

1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?

The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.

2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest

So, the answer will be the A $624.

3. What is the total amount that Sherri (in question number 2) will repay?

The correct answer will be the $3,824.

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andrew11 [14]

Answer:

Sheffield Corporation

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Date Description DR CR

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Being the amount received on issue of

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Factory Building 152,000

Land 295,000

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Cash 25,600

Being the payment of own share purchased

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Retained Earnings 3,200

Treasury stock 25,600

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Dividend(0.35*19500) 6,825

Treasury stock 3,200

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Retained Earnings 158,400

Balance sheet as at Dec 31

Equity

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7% Preferred Stock 410,000

Paid in capital for common stock 97,500

Paid in capital for Preferred stock 90,300

Retained Earnings ( 158,400-6825-3200) 148,375

941,175

Explanation:

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3 years ago

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Answer:

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Explanation:

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Answer:

goal

Explanation:

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Read 2 more answers

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elena-s [515]

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