Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 8.) if connor borrowed $3200 from his credit union

8.) If Connor borrowed $3200 from his credit union and paid $4454.40 in interest for...

70.2K

Verified Solution

Question

Accounting

image

8.) If Connor borrowed $3200 from his credit union and paid $4454.40 in interest for a period of 4 years. What was the interest rate Connor received? P: 3200 9.) Elle invested $7000 in a money-market fund that paid 6.2% simple interest. She ended up paying a total of $7651 in interest. For how long did Elle have her money in the fund? 10.) Cate took out a home improvement loan. She agreed to pay back the loan plus 10.6% simple interest at the end of 7 years. If Cate paid $48,776 in interest, how much her on

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