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 What Date Was a $1000 Loan Granted If the Interest
Solved

On What Date Was a $1000 Loan Granted If the Interest

Question 127

Question 127

Short Answer

On what date was a $1000 loan granted if the interest accrued as at November 16, 2011 was $50.05? The interest rate on the loan was 7¼ %.

Correct Answer:

verifed

Verified

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

Related Questions

Q122: The interest rate on $27,000 borrowed on

Q123: How much money would one have to

Q124: Calculate the amount of interest that would

Q125: If $450,000 is invested on June 3

Q126: $890 interest was charged on $8900 borrowed

Q128: Raimo borrowed $750 from Chris on October

Q129: If money can be invested at 0.6%

Q130: A payment stream consists of $1000 payable

Q131: Calculate the missing value: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9643/.jpg" alt="Calculate

Q132: Calculate the maturity value of a loan

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