You only pay $.29 a day for each $500 you borrowed . You borrowed $2607 for 192 days

You only pay $.29 a day for each $500 you borrowed . You borrowed $2607 for 192 days

Harry's credit card company determines his minumum monthly payment by adding all new interest of 2.5% of the outstanding principal. The credit card company charges an interest rate of 0.03164% per...

Evelyn's credit card company determines her minimum monthly payment by adding all new interest to 2% of the outstanding principal. The credit card company charges an interest rate of 0.04238%...

I have tried to solve using simple interest and partial payments but I am confused. Please help and explain

Using Banker's Rules

Find the simple interest owed if $430 is borrowed at 5.9% for 9 years.

I'm confused on how simple interest works and I need some explanation on how to solve this problem.

Please explain how I work out this problem and what is the formula?: Merchant banks offer simple interest on all investments. Merchant bank A had an investor invest $10000 for 5 years. Merchant...

Luis loaned $3,000 to Jasmine at a simple interest rate of 4.91% p.a for 2 years and 7 months. Calculate the amount of interest charged at the end of the term

Karl invested his savings in a short-term fund that was offering a simple interest rate of 4% p.a. The maturity value of the investment at the end of 290 days was $32,160.67 A). Calculate...

Joshua received a loan at 5% p.a. simple interest for 10 months. If he was charged an interest of $254.17 at the end of the period, what was the principal amount of the loan?

Debt payments of $1,150 and $2,000 are due in five months and nine months, respectively. What single payment is required to settle both debts in one month? Assume a simple interest rate of 5.20% p...

Ronald loaned $3,000 to Diana at a simple interest rate of 4.91% p.a for 2 years and 7 months. Calculate the amount of interest charged at the end of the term.

michelle borrows $6000 in loans from two lenders. one charges 3.2% simple interest and the other charges 6.2% simple interest. at the end of 4yr, she will owe $888. how much did she borrow from each...

An investor earned $1,687.50 on an investment of $90,000 in 75 days. Find the annual simple interest rate earned on the investment.

Answer my question plz explain steps

Elaine loans her brother $150 and he pays her back $160 thirty days later. Find the simple interest rate.

I need it with answer and steps withe formulla

after three months the interest is calculate, how much simple interest does your money earn

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...