Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. a 4 000 loan taken now with a simple interest rate

A 4 000 loan taken now with a simple interest rate of 2 per year...

80.2K

Verified Solution

Question

Statistics

image

A 4 000 loan taken now with a simple interest rate of 2 per year will require a total repayment of 4 160 At what time t will the loan mature t yr

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

Transcribed Image Text

A 4 000 loan taken now with a simple interest rate of 2 per year will require a total repayment of 4 160 At what time t will the loan mature t yr

Other questions asked by students

Advance Math
1.2K views

Use the Function Design Recipe (FDR) to design, code and test the definition of a new...

Geometry
1.2K views

17 If ASRY AWXQ RT is an altitude of ASRY XV is an altitude of...

Calculus
1.2K views

Given the function g(x) = 8x^33 + 36x^2 + 48x, find the first derivative, g'(x)=______________Notice...

Accounting
1.2K views

A client purchases a Truck for $75,000 and estimates it will be useful...

Accounting
1.2K views

A product consists of three manufactured parts with one operation each. Material for each part...

Accounting
1.2K views

A firm purchased available-for-sale security investments for $130,000. During the year, the firm received dividends...

Accounting
1.2K views

Exercise 8-21 (Part Level Submission) The dollar-value LIFO method was adopted by Sheffield Corp. on...

Accounting
1.2K views

Please answer the following question Travel In Style Limited issued $1,000,000 of 9% bonds on...

Accounting
1.2K views

Lulus Company operates a chain of sandwich shops (Click the icon to view additional information.)...

Accounting
1.2K views

Which of the following is added to the bank balance on a bank reconciliation

Accounting
1.2K views

Combinatorics A prize draw allows you to enter by picking 3 numbers from {...

Finance
1.2K views

Cool Investment fund invested $2M in asset A, $3M in asset B and $5M in...