menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Mathematics
  4. Exam
    Exam 10: Simple Interest and Promissory Notes
  5. Question
    Jes Pisano Borrowed $4,800 for 4 Years
Solved

Jes Pisano Borrowed $4,800 for 4 Years

Question 36

Question 36

Short Answer

Jes Pisano borrowed $4,800 for 4 years. The maturity value of the loan was $7,084.80. What was the rate of interest charged? (Round to the nearest tenth of a percent)

Correct Answer:

verifed

Verified

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

Related Questions

Q31: Suppose that you took out a loan

Q32: Innovative Engineering received a promissory note of

Q33: Find the interest on the loan:

Q34: What is the maturity date of a

Q35: If you sign a discount note for

Q37: Norman was charged 14.75% interest and paid

Q38: If you sign a discount note for

Q39: On November 2, Paul Matthews signed

Q40: A loan has a due date of

Q41: Caridad borrowed $15,500 at 11% ordinary interest

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