Calculating simple interest loans

Calculating simple interest loans

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Posted By View Student Profile
Subject Business
Deadline (Pacific Time) 04/25/2017 07:45 pm
Budget $100-$250
Barbie gymnast has decided to take out a loan he needs to borrow 15000 to help make improvements on his house the interest rate on the loan is 7.9% he has agreed to pay the loan off. Question :1. what is the principal of the loan

2. What is the amount of Interest he will owe on the loan?

3. What is the total amount he will eventually pay back…..

Scenario number eight Jessica Jordan has decided to take out a loan she needs to borrow $1,250 to buy a motorcycle the interest rate on the loan is 11% she has agreed to pay the loan off in 10 months question number one what is the principal of the loan question number 2 what is the amount of the insurance she will owe on the loan question number 3 what is the total amount she would have to pay back

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