What is the percent of interest paid on this loan

Assignment Help Econometrics

Reference no: EM131144046

Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $113.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

Reference no: EM131144046

Questions Cloud

Discuss what aristotle means by moral virtue : Discuss what Aristotle means by moral virtue (Virtue of Character). Aristotle adds three requirements to this treatment (Aristotle, 22). Discuss each of these requirements and why Aristotle would find it necessary to add each of them.

Find the smallest such value of damping : Try to find the smallest such value of damping remembering that added damping is usually expensive.

Determine the users weight in pounds or kilograms : The medical staff enters the patient's weight and selects either Pounds to Kilograms or Kilograms to Pounds. The application will determine the user's weight in pounds or kilograms.

Olaf distributing company completed the following : Olaf Distributing Company completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Olaf showed Cash of $9,000 and M. Olaf, Capital of $9,000.

What is the percent of interest paid on this loan : What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

How many miles north and how many miles east from the harbor : A boat leaves the entrance of a harbor and travels 57 miles on a bearing of N 11° E. How many miles north and how many miles east from the harbor has the boat traveled?

Compute the response by numerical simulation : Compute the response by numerical simulation to see if the constraint is satisfied - If the constraint is not satisfied, find the smallest value of damping that will keep the deflection less than 0.008 m.

Does mental illness such as adhd and ptsd contributes : Complete a draft of the prospectus using information from your 10 Key Strategic Points document. So, my topic of discussion is "Does mental illness such as ADHD and PTSD contributes to Learning Disability?" Now you can use the 10 key strategic lin..

Journalize the transactions for the month of july : Sansomite Co. distributes suitcases to retail stores and extends credit terms of 1/10, n/30 to all of its customers. At the end of June, Sansomite's inventory consisted of suitcases costing $1,200.

User Account

All Pages