How much is paid at the end of two years for a loan of 8000


Question: 1. How much is paid at the end of two years for a loan of $8,000 if the total interest is $660?

2. A loan of $7,250 is to be repaid in three years and has a simple interest rate of 12%. How much is paid after the three years?

3. Find the maturity value of a $1,800 loan made for two years at simple interest per year.

Solution Preview :

Prepared by a verified Expert
Mathematics: How much is paid at the end of two years for a loan of 8000
Reference No:- TGS02418486

Now Priced at $15 (50% Discount)

Recommended (94%)

Rated (4.6/5)