54
(15 x 6.75)/3 ie 33.75
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
(5.1 x 4.25)/4 = 5.42
"5 percent" means 5 percent per year.30 months = 2.5 years.2.5 times 5 percent = 12.5 percent = 0.1250.125 x 16,000 = 2,000
7% of 3,000 for 6 month
Eleven..? months? years?. Simple or compound interest?
21.28
21.28
(15 x 6.75)/3 ie 33.75
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
(5.1 x 4.25)/4 = 5.42
Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75
"5 percent" means 5 percent per year.30 months = 2.5 years.2.5 times 5 percent = 12.5 percent = 0.1250.125 x 16,000 = 2,000
70 x 8 x 3/4 ie 420
7.5 x 2.5 ie 18.75
7% of 3,000 for 6 month
18 months is 1.5 years, so you'll pay (1.5 x 11) = 16.5 percent of the principle at the end of that time. 16.5 % of 18,500 = (0.165 x 18,500) = $3,052.50