Respuesta :
At the end of the 3 months company pay full amount of $252500 [$250000(Principal) + $2500(Interest)] to the bank.
The company pays the amount due in full. So, $252,200 the company remit to the bank.
The loan is Due in 3 months So, Sunlight grower repay the loan in end of the 3rd Month.
Simple interest = PTR/100
P= Principal amount
T = Time in Year
R= Annual intrest Rate
SO,
Principal amount = $250000
T = .25 year(Loan is repay in 3rd month so, 3month = .25 year )
R = 4
Then simple interest = [tex]\frac{PTR}{100}[/tex]= [tex]\frac{250000*.25*4}{100}[/tex] = $2500
So, at the end of the 3 months company pay full amount of $252500 [$250000(Principal) + $2500(Interest)] to the bank.
Hobby is the fee a business will pay a lender (creditor) to borrow money. interest bills are usually primarily based at the fantastic stability of a loan and paid monthly, though many special preparations are viable. hobby is usually calculated as a percent of the mortgage stability at an agreed-upon interest charge.
Hobby serves several essential functions in a market financial system. The most obvious is the coordination among savers and debtors; savers are paid interest for placing off their consumption till a future date, even as debtors should pay hobby to eat extra within the gift.
The financial institution will pay you to hold and use your money to spend money on other transactions. Conversely, in case you borrow cash to pay for a large price, the lender will price you interest on pinnacle of the amount you borrowed.
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