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A loan of 5000 is made for 83 days at 6 percent what is the exact interest?
Wiki User
∙ 14y ago
5000 x 6/100 x 83/365 = (300 x 83)/365 = 68.22
Wiki User
∙ 14y ago
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What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days?
146.20
How many days are there in 5000 years?
There are 365¼ days in a year SO ...365¼ x 5000 = 182650 days
How many days will it take for a sum of 1400 to earn 24 interest if it is deposited in a bank paying ordinary simple interest at the rate of 8 percent per year?
It will take 78 days and a bit.
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days Be sure to round the time to the nearest hundredth Example 250 days divided by 365 days is 68 not 684?
146.20
What is the exact interest for 600 at 8 percent for 45 days?
5.92
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is the exact and ordinary interest computation?
t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days
20000.00 loan for 50 days at 6 percent interest?
The answer is 1200.00 dollars in interest on that loan of 20000.00 for 50 days at 6 percent interest.
What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
What is the interest on a loan of 36720 at 6 percent interest for 60 days?
$367.20
What is the interest rate on a 5000 loan?
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
Calculate the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
32
What is the simple interest rate of a 525 loan at 4.5 for 60 days?
The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
How much is the ordinary interest on 600.00 at 6 percent for 45 days?
Depends on the principal!
What is the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
[{(3200*6)/100}/365]*60
HOW many days are in 5000 hours?
5000 hours is equivalent to 208 days.
