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How much simple interest will be due on a loan of 9000 at a 4.25 percent annual interest rate for one year?
Wiki User
∙ 10y ago
The answer is 3825. Hope it helps :)
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∙ 10y ago
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You borrowed 9000 to buy a new car you paid 1800 backwhat percent is paid off?
Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?
What is the lowest that interest rates have ever been?
umm idk because my D1ck rates are pretty high so maybe over 9000%
If the reserve ratio is 25 percent what level of excess reserves does a bank acquire when a business deposits a 12000 check drawn on another bank?
9000
What is 9000 dollars in pounds?
$9000 converted into British pound sterling is £5759.45. This is because the conversion of dollar to sterling currently is 1:0.63993871. So $9000 multiply by 0.63993871 is equaled to £5759.45. The conversion exchange rate can frequently change.
What is the difference between loan and advance?
The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.Installment Balance Interest Accrued interest 10000 0 1 1000 9000 100 100 2 1000 8000 90 190 3 1000 7000 80 270 4 1000 6000 70 340 5 1000 5000 60 400 6 1000 4000 50 450 7 1000 3000 40 490 8 1000 2000 30 520 9 1000 1000 20 540 10 1000 0 10 550After 10 monthly installments , the interest portion $550 is remaining. This may be repaid at a time. In case of huge loans, the interest amount is recovered in equal installments.The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.Installment Balance Interest Accrued interest 10000 0 1 1000 9000 100 100 2 1000 8000 90 190 3 1000 7000 80 270 4 1000 6000 70 340 5 1000 5000 60 400 6 1000 4000 50 450 7 1000 3000 40 490 8 1000 2000 30 520 9 1000 1000 20 540 10 1000 0 10 550After 10 monthly installments , the interest portion $550 is remaining. This may be repaid at a time. In case of huge loans, the interest amount is recovered in equal installments.The main difference between Loan and Advance : the interest component.2. Both Loan and Advance are to be repaid in installments for example: monthly installments of equal amounts.3. In case of Loan, interest is calculated ( Simple or Compound type interest) and the interest amount is recovered at the end.4. Example for Advance: Mr. X working in an organisation. He took $10,000 as advance to be repaid in 10 monthly installments. Monthly recovery from salary is $1,000 . After 10 months, hi repays entire amount .5. Example for Loan: Mr. Y took a Loan of $10,000 with a a simple interest rate of of 12% per year. Monthly installment is $1,000. Accrued Interest is calculated every month on balance principal amount. The recovery chart is as below.
How long will a 9000 investment take to earn 180 interest at an annual interest rate of 8 percent?
3 months
What is the Present value of 9000 in 7 years at 8 percent?
Assuming Simple Interest, 9000 + (90 x 7 x 8) ie 9000 + 5040 ie 14040
What is 1 percent of 9000?
1 percent of 9000 = 901% of 9000= 1% * 9000= 0.01 * 9000= 90
What is 70 percent of 9000?
70 percent of 9000 is 6300.
What is 8 percent of 9000?
8% of 9000= 8% * 9000= 0.08 * 9000= 720
What is annual salary of a computer technician?
$9000 annual at best in Lithuania
What is 3 percent of 9000?
3% of 9000 = 270= 3% * 9000 = 0.03 * 9000 = 270
What is 25 percent of 9000?
25% of 9000= 25% * 9000= 0.25 * 9000= 2250
What is 36 percent of 9000?
36% of 9000 is 3240.
What is 15.5 percent of 9000?
It is: 0.155*9000 = 1395
What is 20 percent of 9000 dollars?
20/100 * 9000 = .20 * 9000 = $1800
What is 80 percent of 9000?
80% of 9000 = 80/100 X 9000 = 7200
