MT 1123 Study Guide - Final Guide: Interest, 18 Months
Document Summary
Find the total interest paid on a loan of at 8% simple interest over 2. You borrow ,000 at 9% simple interest for 4 years. Find the total amount due on a loan at 7. 5% simple interest over 18. You wish to deposit money into the bank at 9% simple interest and have. To complete the sale of a house, the seller accepts a 180-day note for. ,000 at 7% simple interest. (both interest and principal will be repaid at the end of 180 days. ) Wishing to be able to use the money sooner for the purchase of another house, the seller sells the note to a third party for ,124 after 60 days. Example 6 (#52 on page 134) weeks, and then sells the stock for . 60 a share. Find the annual interest rate earned on the investment.
