# For some reason I can't calculate this simple interest problem? related questions

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For some reason I can't calculate this simple interest problem? | 0 | Norwood | 2012-10-12 15:45:28 |

Management wishes to maintain a minimum cash balance of at least $ 4,000 at the end of each month . The company has an agreement with a local bank that allows the company to borrow in increments of $ 1,000 at the beginning of each month , up to a total balance of $ 20,000 . The interest rate on these loans is 1% per month , and for simplicity , we assume that the interest is not compounded. The company , to the extent they are able, to pay the loan plus accrued interest at the end of the quarter . MedlinePlus MedlinePlus During the first month the company a loan of $ 3,000 from the bank . (April ) MedlinePlus For the second month the company had a $ 7,000 loan from the bank (May ) MedlinePlus For the third month that the company had no need to borrow money at all MedlinePlus (June ) MedlinePlus So the end of April I just did ( $ 3,000 x .01 x 1 = $ 30) and by May I ( $ 7,000 x 01 x 1 = 70 ) and then added the two together gave me an interest in ( $ 100). This answer was wrong and then I realized I still had to calculate interest last month , so I made ( $ 10,000 x .01 x 1 = $ 100) and then tried to enter ($ 200) , which was a response wrong , and MedlinePlus MedlinePlus Who cares to explain why I can not calculate simple interest ? | |||

How do you solve this math problem pertaining to simple interest calculation? | 0 | Dav | 2012-08-22 13:58:02 |

Please send your answers along with the work , much appreciated . MedlinePlus MedlinePlus Mr. Henry wants to buy a new car from Toyota that costs U.S. $ 128 000 . There are two different car loan plans that you can choose . MedlinePlus MedlinePlus Plan A: . An initial payment of $ 35,000 , a monthly payment of $ 1,308.50 for 83 months and a final payment of $ 2 300 at the end of the seventh year MedlinePlus MedlinePlus Question: What is the simple interest rate applied by the bank under Plan A, leaving your answer to 1 decimal place . | |||

Is simple discount a reversal of simple interest? | 1 | Dinish | 2012-11-01 22:37:02 |

Hi all, MedlinePlus MedlinePlus my problem | |||

Can anyone help with these three algebra problems? involves simple interest, regular interest, sales tax? | 0 | Mia HELP!! | 2012-11-02 21:06:44 |

Can anyone help me with these three algebra problems? It involves simple interest, regular interest, sales tax rate, and total cost. I was wondering if anyone could help me with this three algebra problems, I am trying hard to understand math but am still struggling with assignments. Any help would be greatly appreciated! I will post the three problems below and I was wondering if you could explain/ show me how you got the answer so I could study the problem furtherr , so that I can understand this stuff becuase I will be quizzed on it. Again , any help is GREATLY appreciated! The three problems I need help with are : # 14 Suppose that the local sales tax rate is 6% and you purchase a backpack for $24.00. A-->How much tax is paid? B--> What is the backpacks total cost? #24 In order to pay for tuition and books, a student borrows $3500 for four months at 10.5% interest. A--> How much interest must the student pay? B--> Find the future value of the loan | |||

Mr. Samson agrees to pay 5.5% simple interest on a loan for his new car. He is charged $1,141.25 interest for | 3 | Abigail Paige | 2012-10-13 05:53:03 |

Samson agrees to pay a 5.5 % simple interest on a loan for your new car . He is charged with interest $ 1141.25 for a one-year loan , how much you pay ? MedlinePlus MedlinePlus Please explain the steps for me | |||

Compound interest earns less than simple interest.? | 0 | Mike J | 2012-08-18 13:56:29 |

Compound interest is paid less than simple interest. true or false. Interest = Principal x Rate x Time years true or false. Simple interest = Amount | |||

This problem concerns the production of a java program that will calculate repayments on a student loan for a ? | 0 | vows: Ping â¿´ | 2012-10-04 01:27:14 |

Specification of the problem : MedlinePlus This problem relates to the production of a Java program that calculates the payments on a student loan for one year. Payments are based on the ex -student | |||

This problem concerns the production of a java program that will calculate repayments on a student loan for a ? | 1 | Linda Wortham | 2019-04-07 20:07:36 |

Specification of the problem : MedlinePlus This problem relates to the production of a Java program that calculates the payments on a student loan for one year. Payments are based on the ex -student | |||

I need help on simple interest? | 0 | Blaine | 2012-09-27 21:29:03 |

Hi all, MedlinePlus These are the questions we need to help them find the simple interest. Give all answers to the nearest cent. MedlinePlus Question 1 . Find the simple interest on a loan | |||

Can you help me with simple interest? | 5 | scooby | 2012-10-23 13:24:52 |

Hello , I just need help with this math question associated with simple interest : MedlinePlus Frank borrowed $ 8000 for 3 years with fixed investment at 10% simple annual interest of three years. A year after the loan has to borrow an additional $ 2500 but now the simple interest rate is 12.5 % . How much I owe everything together on these two loans at the end of three years, since he did not make payments for three years ? | |||

How much was borrowed - Simple interest? | 0 | Lennnnnnn | 2012-08-29 13:27:14 |

OK , MedlinePlus MedlinePlus I 'm bad at this somehow, but I'm not sure where it is probably very obvious , I can only see it. MedlinePlus MedlinePlus A loan is taken out and repayed over four years with a monthly payment of $ 710.00 The interest rate is 18% . MedlinePlus MedlinePlus ( X + ( x * .18 * 4) / 48 = 710 ( x + ( x * .18 * 4) = 710 * 48 MedlinePlus ( x + ( x * .18) = 710 * 48/4 MedlinePlus ( x + ( x ) = 710 * 48/4/.18 MedlinePlus 2x = 473333.3333 MedlinePlus x = 23666.67 MedlinePlus MedlinePlus Plugging that into the formula gives a monthly payment of $ 848.06 to be 710. MedlinePlus MedlinePlus What did I do wrong? MedlinePlus MedlinePlus Thanks MedlinePlus David | |||

I need a simple interest formula? | 0 | Cammie | 2012-09-03 08:29:04 |

Question 1) Jenny agrees to pay $ 2000 to alice alice alice whenever she can pay her the money as soon as possible as a lump sum , including simple interest of 5% per month until paid . MedlinePlus MedlinePlus This is the table : MedlinePlus MedlinePlus Month ( n ) 1 2 3 4 5 6 Refund ( R $ ) 2000 2100 2200 2300 2400 2500 MedlinePlus MedlinePlus and so on , up to 12 months , which is 3200 MedlinePlus MedlinePlus The question is : Obviously, the equation of state of return ( r ) as a function of time ( n ) MedlinePlus MedlinePlus MedlinePlus Question 2 ) What is the formula for simple interest , and that is : MedlinePlus Pricipale x Rate x Time (is simple interest or is SI = ( PRT ) / 100? ) |