menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 7: Simple Interest
  5. Question
    What Rate of Interest Is Paid If the Interest on a Loan
Solved

What Rate of Interest Is Paid If the Interest on a Loan

Question 55

Question 55

Essay

What rate of interest is paid if the interest on a loan of $7300.00 is $692.71 from June 11, 2014 to April 2, 2015?

Correct Answer:

verifed

Verified

P = 7300; I = 692.71
Time peri...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: Payments of $1430 due one year ago

Q51: Calculate the amount of interest that will

Q52: What rate of interest is required for

Q53: Payments of $5100 each due in five,

Q54: The simple interest rate being charged on

Q56: How much interest will you pay on

Q57: Debt payments of $1925.00 due today, $510.00

Q58: Compute the accumulated value of $10 000.00

Q59: How many months will it take $639

Q60: What rate of interest did you receive

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines