Ask Experts Questions for FREE Help !
Ask
    blueonez21's Avatar
    blueonez21 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 8, 2012, 02:47 PM
    How to compute for this one? (interest rate)?


    in buying a computer set, the buyer was offered the options of paying $2500 cash at the end of 30 days or $2700 at the end of 120 days.At what rate is the buyer paying simple interest if he agree to pay at the end of 120 days.

Check out some similar questions!

The rate of interest available on a certain security is 14%. If the pure rate of inte [ 5 Answers ]

The rate of interest available on a certain security is 14%. If the pure rate of interest is 3.25%, what risk premium do investors demand if they require an inflation rate of a. 2% b. 4% c. 6% d. 8%

Compute interest using bankers interest [ 4 Answers ]

$15,632.16 at 10% interest for 10 months and first months interest

To compute interest expense for an adjusting entry, the formula is principal x rate x [ 1 Answers ]

To compute interest expense for an adjusting entry, the formula is principal x rate x a fraction. The numerator and the denominator of the fraction are: Numerator Denomintor (a) length of time note has been outstanding 12 months...

Compare effective interest rate to compound rate [ 1 Answers ]

Compare effective interest rate to compound rate, with example of compound rate

Nominal Rate of Interest vs Real Interest Rate [ 1 Answers ]

I need to find for the real rate of Interest?? Nominal Rate of Interest 7.4% and Inflations is 4.5% K = k* + I + (k*x I) 7.4 = k* + 4.5% + (k* x 4.5%) I am trying to find for k*:confused: HELP>>>>

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.