menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Mathematics
  4. Exam
    Exam 6: Simple Interest
  5. Question
    On June 26, 2011, $1000 Was Borrowed at an Interest
Solved

On June 26, 2011, $1000 Was Borrowed at an Interest

Question 10

Question 10

Short Answer

On June 26, 2011, $1000 was borrowed at an interest rate of 10¾ %. On what date was the loan repaid if the amount of accrued interest was $63.91?

Correct Answer:

verifed

Verified

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

Related Questions

Q5: The $1000 principal amount of a loan

Q6: A principal of $2680 is invested for

Q7: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q8: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q9: On June 26 Laura put $2750 into

Q11: What was the term of a $4850

Q12: Calculate the amount of interest that would

Q13: The amount required to pay off a

Q14: Calculate the simple interest rate at which

Q15: Determine a) whether the earlier or later

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