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Finding the Exact Simple Interest     Question Find the interest amount and maturity value for the following loan: Principal: \$585 Interest rate: 9% Date borrowed: June 5 Date …

Calculate Maturity Value for a Simple Interest Account     Question Razifah deposited \$2000 in an account at rate of 3.75% simple interest. 8 months later, she deposited another \$3000 into account. Find …

Calculate the daily compounding interest of a \$1575 loan     Question How would you calculate this question to get the total interest earned? Principal: \$1575 Interest rate: 0.75% Time invested: 85 days …

Compound Interest Calculated Monthly     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

Finding the Time Period for Compound Interest    Question in what time the compound interest on Rs800 at 20% per annum will amount to Rs1152 if compounded annually? Answer STEP 1 The compound …

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 …