Using simple interestWhat amount produces a loan of $1,000 to 9 months, at 6% annual interest What is the interest I of the previous problem transaction (problem 1)?

Using simple interestWhat amount produces a loan of $1,000 to 9 months, at 6% annual interest What is the interest I of the previous problem transaction (problem 1)?
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Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Description : Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Last Answer : Let the sum be S, time be ‘n’ years for 6%. n+2 years for 5% 2400 = S + S ×n × 6/100 2400 = S + S × (n+2) × 5/100 So, 6n = 5(n+2) or n = 10 years. 2400 = S + S × 10 × 6/100 = 1.6S S = 2400/1.6 = 1500 Answer: a)

2/3 part of the sum is lent out at 3%, 1/6 part is lent out at 6% and remaining part at 12%. All the three parts are lent out at simple interest. If the annual income is Rs. 35, what is the sum? (a) Rs.500 (b) Rs.600 (c) Rs.700 (d) Rs.850 (e) Rs.950

Description : 2/3 part of the sum is lent out at 3%, 1/6 part is lent out at 6% and remaining part at 12%. All the three parts are lent out at simple interest. If the annual income is Rs. 35, what is the sum? (a) Rs.500 (b) Rs.600 (c) Rs.700 (d) Rs.850 (e) Rs.950

Last Answer : (c) Rs.700

15. Find the simple interest and the amount when: (a) Principal = Rs 6400, rate = 6% p.a. and time = 2 years (b)Principal = Rs 2650, rate = 8% p.a. and time = 212212 years?

Description : 15. Find the simple interest and the amount when: (a) Principal = Rs 6400, rate = 6% p.a. and time = 2 years (b)Principal = Rs 2650, rate = 8% p.a. and time = 212212 years?

Last Answer : when followed by a vowel sound or used as an emphatic form

Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass bookc) The amount annual interest added in a saving account may not be treated as transaction in that accountd) All the above

Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above

Last Answer : d) All the above

On 1st April, 2013, Y Ltd. Issued 1000, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off in the first year i.e. on 31st March, 2007, through P & L A/c ? (A) Rs. 2000 (B) Rs. 1800 (C) Rs. 1200 (D) Rs. 600

Description : On 1st April, 2013, Y Ltd. Issued 1000, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off ... & L A/c ? (A) Rs. 2000 (B) Rs. 1800 (C) Rs. 1200 (D) Rs. 600

Last Answer : Answer: Rs. 1200

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Description : An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if ... years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Last Answer : (A) Rs. 31050

Three friends A, B and C started a business by investing a sum of money in the ratio of 5 : 7 : 6. After 6 months C withdraws half of his capital. If the sum invested by ‘A’ is Rs 40,000, out of a total annual profit of Rs 33,000, C’s share will be a) Rs 9,000 b) Rs 12,000 c) Rs 11,000 d) Rs 10,000 e) None of these

Description : Three friends A, B and C started a business by investing a sum of money in the ratio of 5 : 7 : 6. After 6 months C withdraws half of his capital. If the sum invested by A' is Rs 40,000, out of a total annual ... share will be a) Rs 9,000 b) Rs 12,000 c) Rs 11,000 d) Rs 10,000 e) None of these

Last Answer : Answer: A Sum invested by A , B and C is 5 * 12:7 * 12:6 * 6 + 3 * 6 or 60 : 84 : 54 or 10 : 14 : 9 :: Share of C = ( 9 / 33 ) * 33000 = Rs. 9000

An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

Description : An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

Last Answer : 82

What is the time period for the free annual credit report? Is it a calandar year or 12 months from previous request?

Description : What is the time period for the free annual credit report? Is it a calandar year or 12 months from previous request?

Last Answer : I thought it was from previous request . However, I had a very very hard time getting my info ( never did get it) the site I was on said it was the free site and everything looked right , I ... they kept asking more info and sorry just weird I hope you let us know if it goes well for you.

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Last Answer : This type of transaction will not be permissible. Because it is not permissible to get any benefit from the borrower in return for the loan. That includes interest. In the case in question, ... bin Masood agreed. That said , the conditional contract involves interest. (Sahih Ibn Hibban 1053)

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

If you were given the opportunity to earn $1,000,000 but first had to willfully spend a larger amount on others, would you do it, and if so, how?

Description : If you were given the opportunity to earn $1,000,000 but first had to willfully spend a larger amount on others, would you do it, and if so, how?

Last Answer : answer:I’d definitely do it. It would be easy for me to find charities and organizations to donate $10,000,000 to—AND work for them. Actually, I’d spend $10,000,000 on my favorite organizations, work for them, and not need the $1,000,000 at the end.

Holt Company sells merchandise on account for $2,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? a. $1,960 b. $1,968 c. $1,600 d. $1,568

Description : Holt Company sells merchandise on account for $2,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount ... the amount of the check? a. $1,960 b. $1,968 c. $1,600 d. $1,568

Last Answer : d. $1,568

After selling a fan at 6% gain and a fridge at 9% gain, a shopkeeper gains Rs 5100. But if he sells the fan at 9% gain and the fridge at 6% loss, he gains Rs 1800 on the whole transaction. Find the original price of the fan.

Description : After selling a fan at 6% gain and a fridge at 9% gain, a shopkeeper gains Rs 5100. But if he sells the fan at 9% gain and the fridge at 6% loss, he gains Rs 1800 on the whole transaction. Find the original price of the fan.

Last Answer : let the price of fan be X and fridge be Y 6x/100+9y/100 = 5100 6x+9y=510000------(1) then 9x/100-6y/100=1800 9x-6y=180000-------(2) Calculate both, the we will get x=Rs40000

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If Ashwin gained Rs.618/- in the whole transaction, then what sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Description : Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If ... sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Last Answer : Suppose Ashwin lend Rs. x to Ramesh then, Xx16x3/100 - (X – 6300) × 14 × 3/100 = 618......(1) From equation I , x = Rs. 6800 Answer: b)

A and B enter into a partnership. A contributes Rs. 16,000 and B Rs. 12,000. At the end of 6 months C joins them with a capital of Rs. 20,000. In what ratio should they divide their annual profit? a) 8:6:5 b) 4 :3 :5 c) 5:6:8 d) 5:3:4 e) 5:7:8

Description : A and B enter into a partnership. A contributes Rs. 16,000 and B Rs. 12,000. At the end of 6 months C joins them with a capital of Rs. 20,000. In what ratio should they divide their annual profit? a) 8:6:5 b) 4 :3 :5 c) 5:6:8 d) 5:3:4 e) 5:7:8

Last Answer : a) 8:6:5

Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the proprietor is Rs.3,600 pa. Amount of Goodwill at 3 years. purchase of super Profit is A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Description : Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the ... A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Last Answer : A

Stine Company purchased merchandise with an invoice price of $2,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms? a. 20% b. 24% c. 36% d. 72%

Description : Stine Company purchased merchandise with an invoice price of $2,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms? a. 20% b. 24% c. 36% d. 72%

Last Answer : c. 36%

An amount becomes 160% of itself in 5 years through simple interest. At the same rate of interest, how long will it take for the amount to more than double itself if we use compound interest? a) 7 b) 8 c) 9 d) 10 e) cannot be determined

Description : An amount becomes 160% of itself in 5 years through simple interest. At the same rate of interest, how long will it take for the amount to more than double itself if we use compound interest? a) 7 b) 8 c) 9 d) 10 e) cannot be determined

Last Answer : Answer: a)

Derrick has a total of 9 nickels and quarters in his pocket. The total amount of money he had in coins is $1.45. How many nicked and how many quarters does Derrick have?

Description : Derrick has a total of 9 nickels and quarters in his pocket. The total amount of money he had in coins is $1.45. How many nicked and how many quarters does Derrick have?

Last Answer : 4 nickels and 5 quarters

Can I apply for a $5,000.00 loan and pay it in 36 months?

Description : Can I apply for a $5,000.00 loan and pay it in 36 months?

Last Answer : You can apply for a loan and pay it off in 36 months, however if you have a low credit score you may be denied.

The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Description : The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Last Answer : e) None of the above

A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Description : A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Last Answer : (c) Rs.800

The summarized balance sheet of Rakesh udyog Limited shows the balances of previous and current year of provision for taxation Rs. 50,000 and Rs. 65,000. If taxed paid during the current year amounted to Rs. 70,000 then amount charge from Profit and Loss Account will be: (a) Rs. 55,000 (b) Rs. 85,000 (c) Rs. 45,000 (d) Rs. 1,85,000

Description : The summarized balance sheet of Rakesh udyog Limited shows the balances of previous and current year of provision for taxation Rs. 50,000 and Rs. 65,000. If taxed paid during the current year amounted to Rs. 70,000 then amount charge ... a) Rs. 55,000 (b) Rs. 85,000 (c) Rs. 45,000 (d) Rs. 1,85,000

Last Answer : (b) Rs. 85,000

Workers will not strike approximately 7 days for a. $1 difference in wages. b. $300 difference in benefit package. c. percentage point difference in Profit Sharing. d. 1 hour difference in training. e. percentage point difference in Annual Raise.

Description : Workers will not strike approximately 7 days for a. $1 difference in wages. b. $300 difference in benefit package. c. percentage point difference in Profit Sharing. d. 1 hour difference in training. e. percentage point difference in Annual Raise.

Last Answer : d. 1 hour difference in training.

In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor’s demand. b. every $300 your Benefits Negotiations Ceiling is beneath Labor’s demand. c. every 1% your Profit Sharing Negotiations Ceiling is beneath Labor’s demand. d. every $1 your Wage Negotiation Ceiling is beneath Labor’s demand. e. all of the above.

Description : In the Human Resources section, workers will strike one week for: a. every 1% your Annual Raise Negotiations Ceiling is beneath Labor's demand. b. every $300 your Benefits Negotiations Ceiling is beneath ... every $1 your Wage Negotiation Ceiling is beneath Labor's demand. e. all of the above.

Last Answer : e. all of the above.

Is there a benefit to making a principle only payment on a simple interest loan?

Description : Is there a benefit to making a principle only payment on a simple interest loan?

Last Answer : Paying extra principle will reduce your interest costs. Sometimes the reduction is in the next payment, but there is always a reduction at the end.

Can a loan that charges a fee of any kind be considered a "simple interest" loan?

Description : Can a loan that charges a fee of any kind be considered a "simple interest" loan?

Last Answer : answer:As I understand it, simple interest just ignores compounding. Like this: FV = principle interest periods. I would have thought compound interest is the conventional way to do a bank loan, ... interest rate, n = number of periods Is the fee being discounted? What context is this for?

Is a simple interest loan calculator simple?

Description : Is a simple interest loan calculator simple?

Last Answer : Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.

Where can I find a good simple interest loan calculator?

Description : Where can I find a good simple interest loan calculator?

Last Answer : Almost certainly there is one available on you bank's web site as most banks offer this service these days. If the one your bank provides seems too complex for you, try the calculators provided by other banks to see which one you like best.

Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Description : Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?

Last Answer : Nevermind I found it but I can't delete the question so I guess Ill just to leave it.

P, Q, R enter in business partnership. P invests some money at the beginning, Q invests thrice times the amount after 4 months and R invests 6 times the amount after 8 months. If the annual profit be Rs 61260, R's share is A) 41700 B) 45870 C) 47860 D) 40840

Description : P, Q, R enter in business partnership. P invests some money at the beginning, Q invests thrice times the amount after 4 months and R invests 6 times the amount after 8 months. If the annual profit be Rs 61260, R's share is A) 41700 B) 45870 C) 47860 D) 40840

Last Answer : Answer: D)  Let initial investment of P be X  Q’s initial investment after 4 month is 3 X  R’s initial investment after 8 months is 6X  Profit ratio of P,Q&R is,  X*12:3x*4:6x*8=12:12:48=1:1:4  R’s share =61260*4/6=Rs.40840

Mano, kajal, kavin enter into partnership. Mano invests some money at the beginning kajal invests double the amount for 8 months and kavin invests thrice the amount for 10 months. If the annual profit be Rs.35000 then kavin’s share is approximately A) Rs. 17567 B) None C) Rs. 12985 D) Rs. 19274

Description : Mano, kajal, kavin enter into partnership. Mano invests some money at the beginning kajal invests double the amount for 8 months and kavin invests thrice the amount for 10 months. If the annual profit be Rs.35000 then kavin’s share is approximately A) Rs. 17567 B) None C) Rs. 12985 D) Rs. 19274

Last Answer : Answer: B) Let mano’s investment be Rs x Then Ratio of capitals = (x*12) : (2x:8) : (3x*10) = 12x : 16x : 30x = 6:8: 15 Kavin’s share = Rs.(35000*15/29) = Rs.18103.

Why would corporations offer bonds that pay 5 to 6% interest?

Description : Why would corporations offer bonds that pay 5 to 6% interest?

Last Answer : some do because they need to borrow more than the banks are willing to loan.

Need $200 at 6% interest rate in 1 year. How much do I set aside today ?

Description : Need $200 at 6% interest rate in 1 year. How much do I set aside today ?

Last Answer : Need Answer

Interest rate on 10 year NSC is a) 8.6% b) 8.4% c) 8.5% d) 8.9%

Description : Interest rate on 10 year NSC is  a) 8.6% b) 8.4% c) 8.5% d) 8.9%

Last Answer : d) 8.9%

A crane is purchased now; its useful life is 8 years after which a new crane must be purchased. If the interest rate is 6%, the capital recovery factor (crf) is (a) 0.3141 (b) 0.5420 (c) 0.1610 (d) 0.1259

Description : A crane is purchased now; its useful life is 8 years after which a new crane must be purchased. If the interest rate is 6%, the capital recovery factor (crf) is (a) 0.3141 (b) 0.5420 (c) 0.1610 (d) 0.1259

Last Answer : (c) 0.1610

A bond with the number 12.6S2005, indicates that: a. the interest rate is 12.6%; due in May. b. the interest rate is 12%; due on June 05. c. the interest rate is 12%; due in June 2005. d. the interest rate is 5%; due on December 6. e. the interest rate is 12.6%; due on December 31, 2005.

Description : A bond with the number 12.6S2005, indicates that: a. the interest rate is 12.6%; due in May. b. the interest rate is 12%; due on June 05. c. the interest rate is 12%; due in June 2005. d. the interest rate is 5%; due on December 6. e. the interest rate is 12.6%; due on December 31, 2005.

Last Answer : e. the interest rate is 12.6%; due on December 31, 2005.

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Description : If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Last Answer : (b) Rate of inflation ;

To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to assume that the appropriate cost of capital is 10% and the appropriate risk-free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Description : To the nearest rupee, what is the net present value of a replacement project whose cash flows are -Rs.104,000; Rs.34,444; Rs.39,877; Rs.25,000; and Rs.52,800 for years 0 through 4, respectively? The firm has decided to ... -free rate is 6%. A. Rs.15,115 B. Rs.26,798 C. Rs.33,346 D. Rs.48,121

Last Answer : C. Rs.33,346

Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20s

Description : Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully ... . The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20

Last Answer : Rs.10.70

What is loan amount with payment of 326.50 for 36 months?

Description : What is loan amount with payment of 326.50 for 36 months?

Last Answer : WITHOUT KNOWING the interest rate, and whether the interest issimple or compounded, and how often the latter is applied, it isIMPOSSIBLE to answer the question.As the interest rate, the type of interest ... as expected, youwould end up with a deficit in your pot you would need to find fromsomewhere.

Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Description : Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Last Answer : I buy new cars about every eight or ten years. I had my share of used vehicles when I was younger and spent a lot more than 3,000 on upkeep, repairs, replacing parts, etc. I have no idea how to work on ... tires, and brakes, then I buy a new one. I have never spent over 18,000 on a new car though.

What interest applies when interest for each year is based on the amount of the loan or investment?

Description : What interest applies when interest for each year is based on the amount of the loan or investment?

Last Answer : When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

Description : Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest ... the 10th of the month, no interest shall be payable for that month e) All the above

Last Answer : e) All the above

If you had a windfall of $1,000 and you had to spend, not save it, what would you buy?

Description : If you had a windfall of $1,000 and you had to spend, not save it, what would you buy?

Last Answer : A star tracker, for astrophotography.

If a stranger gives you $1,000 with the stipulation that you give half to someone else, who do you give it to and why?

Description : If a stranger gives you $1,000 with the stipulation that you give half to someone else, who do you give it to and why?

Last Answer : I’d either give it to my nephew whose money is tight or a good friend who could use some extra for a vacation.

Would you bid over $1,000 for a Burger King "Proud Whopper" Wrapper?

Description : Would you bid over $1,000 for a Burger King "Proud Whopper" Wrapper?

Last Answer : No. Is the Proud Whopper something that is not available at all Burger Kings?