Name Professor Course Date Question A S.I = P×R×T100Where; S.I is simple interest P is Principal R is the interest rate T is the time S.I= 6000×30×812×100 = $1200 Types of Simple interest loans There are various types of simple interest loans offered by financial institutions which include personal in real life is the loans on cars. Car loans are amortized on a monthly basis which means that the borrower must pay the outstanding loan balance every month and the remainder goes to the interest payment. Question J S.I = P×R×T1001764= 7200×3.5100×T1764= 252T T= 1764252 T= 7 years [...]
Unit 1 Discussion Board Problem: At the beginning of the course you were given a letter, this letter corresponds to your assigned problem for the Unit 1 Discussion Board. Access the problem list using the link provided, solve your problem, post your solution and explanation to the Discussion Board, in the appropriate forum.