List of Q&A

Calculate the daily compounding interest of a $1575 loan  Not rated yet
Question How would you calculate this question to get the total interest earned?
Principal: $1575
Interest rate: 0.75%
Time invested: 85 days
Compounding ...

Compound Interest Calculated Monthly  Not rated yet
Question I made a loan of $500.00 with an annual 6% interest rate, which will be compounded monthly. How do I calculate this type of loan?
Answer...

Amount of interest paid in 30 days on one year term  Not rated yet
Question Calculate the amount of interest paid on $1000 at 10% for one year with first payment in 30 days.
Answer STEP 1:
Our aim is to find ...

Finding the Exact Simple Interest   Not rated yet
Question Find the interest amount and maturity value for the following loan:
Principal: $585
Interest rate: 9%
Date borrowed: June 5
Date Repaid:...

Calculate Maturity Value for a Simple Interest Account  Not rated yet
Question Razifah deposited $2000 in an account at rate of 3.75% simple interest. 8 months later, she deposited another $3000 into account. Find the ...