mary ann borrows $1200 at 10% for 3 months. find the total due?
959583
=1200*0.1*3/12+(1200)\n1230
790118
Why do people respond when they do not know what they are talking about.  Of the first 4 answers, only one was correct.\n\n$10,000 * 5% = $500 (for a full year)\n\n$500 * 6 months/12 months = $250
728137
You will need to pay $888.49 per month for the first 11 months and a final payment of $888.47 in the twelveth month.\n\nGood luck to you.
890824
I haven't seen the original question, but I'm guessing that $817 must be added to $9999 to find the total amount interest is being charged on. If my guess is correct, then p = 10816.  Use t=3.  You only need to use 36 months if, after working out the interest, you have to calculate a monthly payment.  You would then add the interest to p, and divide by 36 to find the monthly repayment.
837287
Interest rate = 3.8% per annum\n= 1.9% per half year\n\nTime = 12 years = 24 half years \n\nUsing the compound Interest formula\n\nA = P(1 + r/100)^n\n\nA = $2400 (1.019)^24\n\n(= $3770.44 (nearest cent))\n\nNOTE If interest is paid at 3.8% per half year (ie 7.6% per annum),\nthen A = $2400 (1.038)^24\n\n(= $5874.19 (nearest cent))
209225
ok you did not supply the time length or interest rate, but....\n\nA standard loan might be 10 years and a rate you might have is 7%, which would be a payment of $290 or so.\n\nIf you paid an extra $100 every month from the begining for such a loan you would pay it of in 6 years 9 months instead of 10 years.\n\nTo see how it will change based on your actual numbers consider this:\n\nIf the rate was instead 8% you would pay for 3 more months, that is 7 years total. \n\nIf the length was 9 years instead of 10 you would pay it off 33 months before the end of the period instead of 39 months early with the 10 year.
255187
sn777 is correct\n750 x .0125= 9.375 (for one month)\n9.375 x 6= 56.25 (for 6 months interest)\nadd your principle to interest:\n750+56.25 =  806.25 total due\n\nGen, $4 in interest total?
538176
The answer is D = 12%.\n\nThe way to do the math is with the following assumptions:\n\nPresent value = 404 (given)\nFuture value = 1,000 (par)\nPayment = 0 (zero coupon bond)\nNumber of time periods = 8 (given)\n\nSolve for the interest rate.\n\nThe way to check your answer is simply to use the equation:\n404 * (1.12) ^ 8 = $1000 so we know that 12% is correct!
1184293
Sorry to tell you this-nothing. Two over the limit fees can be charged. She was overdrawed in the beginning.\nSorry.
724718
Amount after 1st 6 months \n= $ 2000 + 7%/2 of $2000\n= $2000(1 + 0.035)\n= $2000(1.035)\nAmount after 2nd six months \n= $2000(1.035) + 7%/2 of  $2000(1.035)\n= $2000(1.035)²\n= $2142.45
153809
amount of change divided by the original amount = 1.3%
986338
You treat this as an addition and subtraction problem. Anything she put into her account gets added, anything she took out of her account gets subtracted.\n\n625 - 68.74 - 29.95 - 57.65 = 468.66\n\nTherefore her account increased by $468.66
1035538
My friend did, and after 3 months, she made a sale (mortgage) and the company only gave her 30% on the loan she sold.  It was redic.  She wouldn't do it again.
758175
Total money = $306,000\n\nRatio = 3:3:5:7  which means 1st = 3x ; 2nd = 3x ; 3rd = 5x ; 4th = 7x\n\nAdding 'x' would give you > 3x+3x+5x+7x = 18x\n\nEquation would be >  18x = 306000\n\nwhich will give  1x = 17000\n\n3x = 3*17000 (1st , 2nd)\n\n5x = 5*17000 (3rd)\n\n7x = 7*17000 (4th)\n\nThe rest should be pretty obvious.\n\n\n\nP.S. Leave a note if you need more help.
486285
If u hav 10% interest to be paid then the total amount u will hav to pay is $22,000.00 coz 10% of 20,000 is 2,000.\nNow out of which u hav already paid $7,000 so the remaining amount to be paid=22,000-7,000=15,000. If u pay $400/month then the total no of months for which u hav to pay your loan=15,000/400=37.5 that is u will hav to pay $400/ month for 37 months and in the last month u will hav to $200. It will approximately take 3yrs and 2 months to pay your loan.
91506
Answer to c)\nSince 500 was paid on 15th,interest on 2902.40 will be charged till 15th  = 2902.40*15*0.04246%=18.49.\nFor the balance 15 days,interest will be charged on 2402.40 = 2402.40*15*.04246%=15.30.\nThe total interest for the monthis 18.49+15.30=33.79
651936
Interest = Rate x Principle\n\nThis assumes that you are talking about a straight percentage (e.g. 6 1/2% per year) and that you are asking about 1 year.\n\nAnyway, the amount of interest she will earn after a year is 6 1/2% of the principle (orignal savings amount).\n\n0.065 x 400 = $26\n\nShe'll earn $26 dollars after 1 year (for a new balance of $426.00)\n\n(The next year she'll earn 0.065 x 426 = $27.69 interest for a total of $453.69... etc.)