menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 6: Simple Interest
  5. Question
    $734825 Was the Amount Required to Pay Off a Loan
Solved

$734825 Was the Amount Required to Pay Off a Loan

Question 141

Question 141

Short Answer

$7348.25 was the amount required to pay off a loan after 14 months. If the loan was at 8.25% per annum simple interest, how much of the total was interest?

Correct Answer:

verifed

Verified

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

Related Questions

Q136: Calculate the amount of interest that would

Q137: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate

Q138: How many days will it take $2,500

Q139: The original $3,000 loan was advanced on

Q140: How long would it take for a

Q142: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate

Q143: On June 26 Laura put $2,750 into

Q144: If money is worth 14 %, what

Q145: How many months would it take to

Q146: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate

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