Find the ordinary interest of 1800 weegy

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WebMay 1, 2024 · Answer. Exercise 6.4.2: Find the simple interest earned after 2 years on $700 at an interest rate of 4%. Answer. In the next example, we will use the simple … WebSince banks commonly use the ordinary interest method, it is known as the bankers rule. Exact Interest (365 Days) The Federal Reserve banks and the federal government use the exact interest method. The exact interest is calculated by using a 365-day year. For time, we count the exact number of days in the month that the borrower has the loan.

6.4: Solve Simple Interest Applications - Mathematics

WebJan 4, 2015 · With interest of $1,832.00 and a principal of $16,000 for 206 days, use the ordinary interest method to determine the rate. See answers Advertisement briemodee525 I = 1832 P = 16000 T = 206/365 years Rate of interest = [100*I] / [P*T] = [100*1832] / [16000*206/365] = 20.29% per annum i got 20% Advertisement caitielittlep2ddz6 … WebSimple Interest Formulas and Calculations: Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be … doctor of engineering programs in usa

Business Mathematics Chapter 10 - Simple Interest …

WebOrdinary interest is calculated on the basis of a 360-day year or a 30-day month; exact interest is calculated on a 365-day year. The interest formulas for both ordinary and exact interest are actually the same, with … WebDetermine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round the answer to 2 decimal places.) View Answer Serena deposited $2,500 in a bank account with... WebPossession of the Philippines was consistent with the historic interest of the United States in the commerce of the Pacific, as it had already manifested by its long interest in Hawaii (annexed in 1898) and by an expedition by Commodore Matthew Perry to Japan (1853). Historiographical debate doctor of epilepsy

Interest Calculator – Calculate the Interest Amount of a Loan

Web5 hours ago · Which statement about the influence of individuals and/or groups of people in history is false? They have the ability to change society through intended and unintended consequences. They include political parties, special interest groups, and professional associations. They include both well-known and ordinary individuals and groups of people. WebCalculates interest, principal, rate or time using the simple interest-only formula I=Prt. Calculate simple interest (interest only) on an investment or savings. Calculator for simple interest with formulas and calculations for … doctor of engineering vs doctor of philosophyWebApr 11, 2014 · User: Find the ordinary interest on $1,800 for two months at a rate of 12%. A. $36 B. $32 C. $54 D. $216. Weegy: A. $216 is the ordinary interest on $1,800 for … doctor of excellence

"WebQuestion 312880: find the ordinary interest on $1,800 for two months at a rate of 12%. Answer by solver91311 (24713) ( Show Source ): You can put this solution on YOUR … " - Find the ordinary interest of 1800 weegy

Find the ordinary interest of 1800 weegy

Find the ordinary interest on $1,800 for two months at a …

WebSimple Interest Formula SI = P×r×t A = P+SI A = P (1+rt) Where, A = Final amount SI = Simple interest P = Principal amount (Initial Investment) r = Annual interest rate in percentage t = Time period in years When calculating simple interest by days, use the number of days for t and divide the interest rate by 365. WebFind the ordinary interest on $1 800 - Given Data. The total amount is R=$1800 R = $ 1800 . The Interest rate is r=7%=0.07 r = 7 % = 0.07 . The total time is ... SOLUTION: …

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Webgranted. When the term is a certain number of days, interest can be computed two ways:ordinary interest based on a 360-day year, or exact interestbased on a 365-day year. Ordinary Interest Principal Rate Time 360 Exact Interest Principal Rate Time 365 Maturity Value Principal Interest Owed Find the maturity value. exact interest.

WebOct 4, 2016 · Find the ordinary interest on $1,800 for two months at a rate of 12%. A. $216 B. $54 C. $36 D. $32 See answer Advertisement sourpatch012600 12 % simple … WebThe exact interest method represents time as the exact number of days divided by 365. True Ordinary interest results in a slightly higher rate of interest than exact interest. True The federal government likes to use ordinary interest. False Dollar markup divided by the selling price equals percent markup on cost. False

Web4 hours ago · CME similarly asserted that disbursements on a separate account basis should not be permitted in certain circumstances, such as financial distress, that fall outside the “ordinary course of business.” While CME asserted that the plain language of regulation § 39.13(g)(8)(iii) unambiguously forbids disbursements on a separate account … WebQ: Find the future value of an ordinary annuity of $2,000 paid quarterly for 5 years, if the interest… A: Given, Principal =p = $ 2000 paid quarterly Time period = t = 5 years Number of compounding in a…

WebSimple Interest Formula. You can use the formula below to calculate simple interest: I = P x r x t. Calculate simple interest (I) by multiplying the principal (p) by the rate (r) by the number of time periods (t). As you can see, calculating simple interest is, well… simple. If you prefer, you can always use our simple interest calculator to ...

WebJan 15, 2024 · First of all, take the interest rate and divide it by one hundred. 5% = 0.05. Then multiply the original amount by the interest rate. $1,000 * 0.05 = $50. That's it. You have just calculated your annual interest! To get a monthly interest, divide this value by the number of months in a year ( 12 ). $50 / 12 = $4.17. doctor of excellence hcWebCalculation: Find the Loan Amount Interest Rate: % 6 Number of Months: 48 Monthly Payment: $ 250 Answer Link: Find the Loan Amount is $10,645.08 Solve using the formula: PMT = 250 n = 48 i = 0.06/12 = 0.005 P V = 250 0.005 [ 1 − 1 ( 1 + 0.005) 48] = $10,645.08 Solve on a TI BA II Plus doctor of elderlyWebQuestion: With interest of $1,832.00 and a principal of $16,000 for 206 days, using the ordinary interest method, the rate is: With interest of $1,832.00 and a principal of $16,000 for 206 days, using the ordinary interest method, the rate is: Expert Answer 100% (35 ratings) Interest Rate = 20% Rate = In … View the full answer extraction of foreign bodies cpt