Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 55 use formula a=p(1+rt) 55. a loan of $4,000 w

55 use formula A=p(1+rt) 55. A loan of $4,000 was repaid at...

90.2K

Verified Solution

Question

Finance

55 use formula A=p(1+rt) image
55. A loan of $4,000 was repaid at the end of 10 months with a check for $4,270. What annual rate of interest was charged

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Effects on Selling Price of Houses Square Feet Number of Bedrooms Age Selling Price 1125 2 1 121500 1461 3 4 123600 1527 3 8 158100 1719 4 9 214800 1745 4 9 215500 2197 4 11 255000 2414 4 13 257200 28302830 4 14 262200 30153015 5 14 282400 Determine if a statistically significant linear...

Mechanical Engineering
1.2K views

- Discuss the operating principles of both heat pumps and industrial refrigeration systems. - Assess the factors...

Biology
1.2K views

be retrieved for later use O storage unit data from the computer cannc O software...

Physics
1.2K views

In the Young s double slit apparatus shown the distance between the two slits is...

Basic Math
1.2K views

(a) Find the slope of the line through (-6,-9) and (-10,-33).(b) Based on the slope,...

Statistics
1.2K views

For the following data set x y Send data to Excel Part 1 of 2...

Calculus
1.2K views

a b c d Find Ma 2 2 1 2x 2x 1 3 1 2x...

Accounting
1.2K views

Raw Materials Inventory DM Price Variance Accounts Payable 120,000 5,000 125,000...

Accounting
1.2K views

Ctio IT-Uw 11, -- Following are data from the statements of two companies selling similar...

Accounting
1.2K views

A compary purchased 300 units for $60 each on January 31. it purchased 250 unis...

Accounting
1.2K views

16 marks] Q6. Digital marketing is used as a differentiator strategy to create value through...

Accounting
1.2K views

El balance de prueba ajustado de la compaa de la siguiente manera incluye los siguientes...