Solved

John Borrowed $1500 at 9

Question 191

Multiple Choice

John borrowed $1500 at 9.5% on October 10, 2004. On what date did the amount owed first exceed $1565?

A) March 19, 2005
B) March 23, 2005
C) March 26, 2005
D) March 30, 2005
E) March 17, 2005

Related Questions

Q186: If $7,500 is to be paid now,

Q187: Payments of $6,000 six months ago and

Q188: Rasheed wishes to postpone for 90 days

Q189: After 7 months how much interest would

Q190: Calculate the combined equivalent value today of

Q192: Anthony borrowed $7,500 on September 15 and

Q193: Calculate the simple interest rate at which

Q194: After 7 months at an interest rate

Q195: How much must be placed in a

Q196: If money if worth $650 now and