Business

3 January, 22:01

To purchase a $400 set of encyclopedias, a family made a down payment of $75 and borrowed the rest. The loan, with interest, was repaid in 23 equal monthly payments of $16 and one final payment of $9. The amount of interest paid was what percent of the amount borrowed?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “To purchase a $400 set of encyclopedias, a family made a down payment of $75 and borrowed the rest. The loan, with interest, was repaid in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A machine with a cost of $176,000, accumulated depreciation of $108,000, and current year depreciation expense of $28,500 is sold for $58,400 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:

What happens when a country's money loses its function as a store value?

Can you operate a lift if its raining inside the vechile

When establishing a prima facie case to proceed with a claim of religious discrimination, an employee need not establish that he has informed an employer of the conflict?

The partitioning technique for creating an extended definition often appears in tandem with another technique. a. True b. False

New Questions in Business

Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.

Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:

The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False

What percentage of federal revenues is made up of corporate taxes

F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably