SOLUTION: Solve the problem below:
a) How much interest is charged when 50,000 pesos is borrowed for 9 months at an annual simple interest rate of 10% ?
Algebra.Com
Question 1052664: Solve the problem below:
a) How much interest is charged when 50,000 pesos is borrowed for 9 months at an annual simple interest rate of 10% ?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How much interest is charged when 50,000 pesos is borrowed for 9 months at an annual simple interest rate of 10% ?
------------
10% = 0.1
9 months = 3/4 year
Interest = 50000*0.1*(3/4)
= 3750 pesos
RELATED QUESTIONS
how much interest is charged when 50,000 is borrowed for 2 years at an annual interest of (answered by ikleyn)
How much interest will be charged on a student loan if $8000 is borrowed for 9 months at... (answered by solver91311)
How much interest will be charged on a student loan if $7500 is borrowed for 9 months at... (answered by Alan3354)
How much interest is charged on a student loan if $7,500 is borrowed for 20 months at a... (answered by edjones)
If an annual rate of 7.5% in simple interest is charged on a loan of $290 and no payments (answered by XOXO)
A loan is charged simple interest at an annual rate of 9.1%. The loan was repaid at the... (answered by Alex.33)
A loan is charged simple interest at an annual rate of 6.1%. The loan was repaid at the... (answered by Boreal)
A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How... (answered by MathLover1)
$8,000 is invested for 9 months at an annual simple interest rate of 13%.
a) You will... (answered by greenestamps)