Installment 38011
We borrowed CZK 150,000 at a monthly interest rate of 2%. Interest is added at the end of each month, and we immediately pay an installment of CZK 30,000. How much will we owe in five months?
Correct answer:
Tips for related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
You need to know the following knowledge to solve this word math problem:
Units of physical quantities:
Grade of the word problem:
Related math problems and questions:
- Interest rate
We borrowed CZK 50,000. The annual interest rate was 6%. We have to repay the entire debt in 5 years. How much will we pay? (use the compound interest relationship). - A vendor 3
A vendor borrowed PHP 150,000 from their cooperative. The rate of interest was 11.5% a year. How much interest does he pay to the bank at the end of one year? - Beginning 31671
At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to re - You take
You take out a Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years?
- Saving 9
An amount of $2000 is invested at an interest of 5% per month. If $200 is added at the beginning of each successive month but no withdrawals are made, give an expression for the value accumulated after n months. After how many months will the accumulated - Borrowed 82069
You borrowed €2000 for 3 months. What amount must you pay back if the lender charges a 15% interest rate per annum? - An investment
How long will it take for an investment to double at a simple interest rate of 5.10% per annum? Express the answer in years and months, rounded up to the next month.
