Bill Roe visits his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12 1/2%. Can you provide Bill with the solution to his problem in years?
Correct Answer:
Verified
Q42: On May 17, Jane took out a
Q45: The number of days between May 20
Q46: Sandra Gloy borrowed $5,000 on a 120-day
Q48: Jim Murphy borrowed $30,000 on a 120-day
Q54: Round to nearest cent or hundredth percent
Q56: With interest of $1,832.00 and a principal
Q61: Bruce Seem took out the same loan
Q78: Round all answers to the nearest cent.
Q89: Abby borrowed $3,000 at 12 3/4% on
Q92: Given: an 11% 120-day $9,000 note. Find
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents