Ask
your own question, for FREE!
Economics - Financial Markets
5 Online
OpenStudy (anonymous):
A $5000 loan was repaid with 8% simple annual interest. A total of $5350 was paid. How long had the loan been outstanding?
Still Need Help?
Join the QuestionCove community and study together with friends!
OpenStudy (anonymous):
One year at 8% interest of $5000 would be $400, so you know that this was less than a year outstanding. $350/$400 = .875 and .875 of a year is 10.5 months, or 45.5 weeks (.875 *12) or (.875 * 52)
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
avisshomes:
What should I look for before choosing a co-living space in Gurgaon?
Twaylor:
Time flies doesn't it? I tried to not be the second squeaky wheel of the household and ended up hurting myself and others severely.
clllaaaaaire:
any tips? the quality isn't the best because I am using this site on my computer
Midnight97:
Kinda a roleplay story between me and my friend enjoy... Part one Forgive me for all the screenshots.
StevenisGhost:
what type of song should I make next, and will y'all go check out my new song on
Midnight97:
My drawing sure changed over the years look at these two pictures from 2024 to no
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
Breathless:
I don't know if this would be considered art, but its close enough I believe, Any
avisshomes:
What should I look for before choosing a co-living space in Gurgaon?
13 hours ago
1 Reply
0 Medals
Twaylor:
Time flies doesn't it? I tried to not be the second squeaky wheel of the household and ended up hurting myself and others severely.
2 days ago
12 Replies
2 Medals
clllaaaaaire:
any tips? the quality isn't the best because I am using this site on my computer
2 weeks ago
2 Replies
0 Medals
Midnight97:
Kinda a roleplay story between me and my friend enjoy... Part one Forgive me for all the screenshots.
3 weeks ago
2 Replies
1 Medal
StevenisGhost:
what type of song should I make next, and will y'all go check out my new song on
1 week ago
6 Replies
2 Medals
Midnight97:
My drawing sure changed over the years look at these two pictures from 2024 to no
3 weeks ago
6 Replies
1 Medal
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
3 weeks ago
3 Replies
0 Medals
EdwinJsHispanic:
"poem" love is So Beautiful to have. But it's so hard to have. At this point I don't know whether its worth the wait Or if it's just millions of miles to re
3 weeks ago
0 Replies
0 Medals
Breathless:
I don't know if this would be considered art, but its close enough I believe, Any
4 weeks ago
3 Replies
0 Medals