What was the interest? rate

Assignment Help Mathematics
Reference no: EM131874234

Mr. Smith borrowed $20,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of ?$6,640. What was the interest? rate?

Reference no: EM131874234

Questions Cloud

Summarize the salient points of the supreme court case : Religion and Politics have traditionally been highly debated topics in our society. Recently, the Pledge of Allegiance has added to this debate.
Find the discount : A man makes a simple discount note with a face value of ?$2,500?, a term of 140 ?days, and a 9?% discount rate. Find the discount.? (Use the?banker's rule.)
Making the partial ?payment : Raul paid ?$4,250 on the note on the105th day. How much interest did he save by making the partial ?payment?
Present value of this expense assuming annual interest rate : what is the present value of this expense assuming an annual interest rate of 12% compounded half yearly?
What was the interest? rate : He repaid the simple interest loan after three years. He paid interest of ?$6,640. What was the interest? rate?
How has the internet changed the time-tested hierarchy : How has the Internet changed the time-tested traditional hierarchy of terrorist organizations to the new leaderless terrorism model?
Make journal entries for company abc : On 1/1/2012 Company ABC acquires 20,000 shares of company XYZ at cash price of $10 per share. Make journal entries for Company ABC
Explain what is response to the opposing authors arguments : Explain Which author's arguments do you favor? Upon what basis? What is your response to the opposing author's arguments?
Describe how you could use confidence intervals : Describe how you could use confidence intervals to help make a decision in your current job, a past job, or life situation.

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd