A loan

A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made? Result x = 1033.21 USD Solution: $a = 944 \ \\ p = 8.1 \% = \dfrac{ 8.1 }{ 100 } = 0.081 \ \\ \ \\ i = a \cdot \ \dfrac{ 14 }{ 12 } \cdot \ p = 944 \cdot \ \dfrac{ 14 }{ 12 } \cdot \ 0.081 = 89.208 \ \\ \ \\ x = a + i = 944 + 89.208 = 1033.208 = 1033.21 \ \text { USD }$ Our examples were largely sent or created by pupils and students themselves. Therefore, we would be pleased if you could send us any errors you found, spelling mistakes, or rephasing the example. Thank you! Leave us a comment of this math problem and its solution (i.e. if it is still somewhat unclear...): Showing 0 comments: Be the first to comment! Following knowledge from mathematics are needed to solve this word math problem: Next similar math problems: 1. Loan 4 Mr santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term? 2. Compound interest 3 After 8 years, what is the total amount of a compound interest investment of$25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019)
3. Combined interest
Combined interest: Carol has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. The money was put into the account 5.5.2016 and withdraw them all before Christmas 20.12.2016. How much money did she withdraw?
4. Principal and interest
Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?
5. Monica
Monica left Php.900 to Bianca. When monica asked for it after 6 months, Bianca decided to give Php.945 instead because she was able to use the money. What interest rate on Monica's money was used by bianca?
6. Shuyen
Shuyen wanted to save some money. She deposited Php.300 in a bank which pays 0.5% interest per annum. After nine months, she needed the money to buy some gifts. How much will she be able to get if he withdraws all her money from the bank?
7. Deposit is pesos
Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year?
8. Theorem prove
We want to prove the sentence: If the natural number n is divisible by six, then n is divisible by three. From what assumption we started?
9. Car down
Sarah buys a car costing $12,500. It depreciates in value by 8% in the first year, 10% the second year and 5% in the third year. Calculate the value of a car after the third year. 10. Drilling machine A manufacturing firm purchased a heavy duty drilling machine. They were given two payment options: Option 1: Make a payment of$46,000 immediately to settle the invoice for the machine. Option 2: Make a payment of $21,500 immediately and the balance of$
11. Reducing balance method
A company buys an item having a useful life of 10 years for 1,000,000. If the company depreciates the item by the reducing balance method, a. Determine the depreciation for the first year. b. Estimate the depreciation for the second and third years. c..
12. Dollars
Mama split 760 dollars Jane, Dane and Eva as follows: Jane got three times more than Dane and Dane and got 40 more than Eva. How much does get each of them?
13. Price inflation
This year the average wage grew by 4.5%. Prices rose by 2%. How much did the real wage increase in the given year?
14. Permill
How many permill is 978 from 84370?
15. Dividing money
Janka and Silvia are to divide 1200 euros in a ratio of 19:11. How many euros does the Janka have?
16. Find sales tax
What is 8.25% sales tax out of 1607.00?
17. Fix + percentages
Mrs. Vargas is a car sales agent who earns Php.5,850 monthly plus a 4% commision on all her sales. During a month, she sold a car worth Php.740,000. How much is her total earnings?