Purchase Solution

# Business Math : Simple Interest

Not what you're looking for?

On July 1, B.Good borrowed \$2000 from G. Whiz and agreed to pay the debt plus 8% simple interest in 270 days. Thirty days after borrowing the money, B. Good settled the debt by having it discounted at a simple interest rate of 7%. How much did G. Whiz recieve?

##### Solution Summary

A simple interest problem involving a discounted rate is solved.

##### Solution Preview

270 days = 270/360= 0.75 year
(usually we count one month by 30 days in ...

##### Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

##### Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

##### Motivation

This tests some key elements of major motivation theories.

##### Introduction to Finance

This quiz test introductory finance topics.

##### MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.