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Aloiza [94]
3 years ago
10

Jerry borrow $35,00 for 3 years at 7 1/2% simple interest rate how much interest rate he have to pay​

Mathematics
1 answer:
gregori [183]3 years ago
8 0

Answer:

787.50

Step-by-step explanation:

interest=principle*rate*time/100

interest=3500*7.5*3/100

interest=35*7.5*3

interest=787.50

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3 years ago
Mr. Steiner purchased a car for about $14,000. Assuming his loan was
djverab [1.8K]

Answer:

$415.18

Explanation:

The calculation of the present value of a cash flow or other income stream that produces $1 in income over so many periods of time.

DATA

Amount borrowed = $12,500

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Period = 36 months

Let monthly payment be x

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12,500 = x * (1 - (1/1.01)^36) / 0.01

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x = 415.18

The monthly payment is $415.18

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3 years ago
Is 30/100 equivalent to 3/1000?
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4 years ago
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