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To calculate the cost of borrowing $18,000 over 3 years at a 6% annual interest rate, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the interest would be $18,000 × 0.06 × 3, which equals $3,240. Therefore, the total cost of borrowing would be $18,000 (the principal) plus $3,240 (interest), totaling $21,240.
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What is the selling price if it cost 15 and the percent of markup is 15?
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
An item cost 20.00 with 25 percent off what is the cost of the item?
16
What of these describes the annual percentage rate?
The annual percentage rate (APR) represents the yearly cost of borrowing or the yearly return on an investment, expressed as a percentage. It includes interest rates and any additional fees or costs associated with the loan or investment, providing a more comprehensive view of its total cost. APR is crucial for consumers to compare different financial products effectively, as it standardizes the cost of borrowing over a year.
Calculate the total cost of items that cost 25.67 with a 6 percent city sales tax and a 1.65 percent county sales tax?
27.63
How do you find out what percent the cost of shipping was from the cost of what you bought?
cost of shipping = X total cost 100 the you cross multiply: 100 x (the cost of shipping) is equal to X x (the total cost) 100(the cost of shipping) = X(the total cost) whatever you find x to be is the percent example: cost of shipping is 7 dollars. the total cost of what you bought is 50 dollars. 100(7) = X(50) 700 = 50X 14 = X the percent of shipping from the total cost is 14% hope I helped!
If electricity cost 18000 one year and jumped to 20000 the next year what was the percent increase?
2000/18000 x 100 = 11.1%
The cost of borrowing money is called the?
The cost of borrowing money is called interest.
Cost of solar energy?
$18000-$40000
How much does it cost to buy a PSP?
$18000
How much does a N8 cost in India?
Rs 18000/-
How much was the average cost of a house in 1971?
18000
What does it cost for an NFL team to stay at a hotel?
18000
Cost of borrowing or price of borrowing?
Interest to be paid on the principle-or amount borrowed.
Average cost of medical and dental insurance per month?
18000
What are the non-pecuniary cost borrowing?
The meaning of non-pecuniary cost borrowing is the when a person borrows money for buying a product including time to shop for it.
What would the average year fixed rate mortgage cost?
The average of a 30 years contract would cost about 3.57 percent of the available capital. The average of a 15 years contract would cost about 2.72 percent.
What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
