Can You Calculate The Simple Interest On A Loan Of $18,500 At 11% Interest For 18 Month.?
1 Answer - Sort by: Date | Rating
Formula for simple interest is
A = P(1+in)
Here
P = 18500
i = .11/12
= 0.00917
n = 8
Now putting the values in the formula you will get
A = 18500(1+0.00917(8))
= 18500 (1 + 0.07336)
= 18500(1.07336)
= 19857.16
Interest = 19857.16 - 18500
= 1357.16 >>>answer
A = P(1+in)
Here
P = 18500
i = .11/12
= 0.00917
n = 8
Now putting the values in the formula you will get
A = 18500(1+0.00917(8))
= 18500 (1 + 0.07336)
= 18500(1.07336)
= 19857.16
Interest = 19857.16 - 18500
= 1357.16 >>>answer
0
0
- Who Is Responsible For NINA Loans?
- What Is The Telephone To Www.CashLoanNetwork.com?
- What Is The Interest Rate On A $500 Loan?
- What's 10k Cal?
- Is Their A Loan Place That Dont Require A Bank Account?
- Business And Finance. To Find The Simple Interest On A Loan For 1 Year At 12.5%,?
- Where Can I Find An Online Loan Shark In Uk?
- How Does A Single Mother Of 2 Get A Loan If She Dont Have A Job,bank Account Or High School Diploma?
- A Firm Purchased Warehouse 1 For Use In Its Business For $30 Million On 1/1/x4. The Firm Borrowed Funds For That Purchase And Paid $1 Million In Interest On That Loan During 20x4. Also On 1/1/x4 The Firm Began Construction Of Warehouse 2?
- How Can A Waitress Get A Personal Loan?
- I Need A Loan Of £1500 Can I Get In Into My Bank Account In 24 Hours?
- How Can Dallas ISD Exempt Teachers From Student Loans Taken By Salliemae?
- How Do I Calculate A Loan For 10,000 At 5% INTEREST?
- How Do I Go To The Site Www.cashloannetwork.com And Put In MY Approval No?
- Why Is It Easier To Get A Secured Loan?
- Are 500 Mx Riders Good Riders Or Bad?
- Im A Full Time Student With A 3,800$ Grant Every 90 Days How Do I Get A Loan For X-mass, I Dont Have A Banking Account?
- What Is 10% Of $2000 For 3 Months For A Loan?
- How To Write The Requisitions Letter For Education Loan To Collector?
- What The Percentage On A Loan For 3000 Dollars?
- I Have A Loan Approval Reservation Number How Do I GET IT?
- Would Like To Take A Loan Out On My 1990 Mobile Home, Are There Any Available?
- How Much Does Sun Loan Company Pay An Hour?
- How To Get An Online Loan?
- Is The Website Whitneyhoustonboxoffice.com A Legitimate Company?
- Can You Calculate The Simple Interest On A Loan Of $18,500 At 11% Annual Interest For 18 Months?
- How Can I Calculate A 6 Months Loan Of $500.00 @ 10% Interest?
- Calculate The Simple Interest Earned On $1,500.00 Saved For 8 Months At 6% Annual Interest?
- How Do You Calculate A Monthly Interest Amount On A 5 Year Loan With A Simple Interest Loan?
- Calculate The Simple Interest Earned On 6,500 Saved At 5% APR For 100 Days?
Featured Question
- Business & Finance
- Personal Finance
- 401k
- Bank Accounts
- Bank Charges
- Bankruptcy
- Benefits
- Child Trust Fund
- Credit Cards
- Credit Unions
- Death Duty
- Debt
- Estate Planning
- Family Benefit
- Fraud
- IVA
- Income Tax
- Inheritance Tax
- Interest Rates
- Loans
- Money Software
- Mortgages
- Payday Loans
- Philanthropy
- Pocket Money
- Remortgages
- Stamp Duty
- Stimulus Checks
- Tax
- Tax Credit
- Transfer Money
New Comment - Comments are editable for 5 min.