A farmer loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, the farmer has to pay the full amount of P100,000, what is the actual rate of interest?

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: $833.70…

A: in the given question we have to tell about the total intrest money given on$1588 at the simple…

Q: A loan of 16800 dollars is to be repaid in annual installments of 2000 dollars, the first due in one…

A: Given

Q: A college student borrows $10,000 today at 10% interest compounded annually. Four years later, the…

A:

Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

A: according to our guidelines we can answer only one question and rest can be reposted.

Q: b) Suppose that the amount in an account 3 years after being invested at 7% is $6050. What was the…

A: A=P1+rtr=rate p= principal amountA = amoiunt

Q: A principal earns interest of ₱ 196.00 in 3 years and 6 months at a simple interest rate of  6 1/2%.…

A: We have to find invested principal where interest is given $196.00 in 3 years and 6 months at a…

Q: Find the amount of simple interest earned for depositing the given principle in an account. $4800…

A:

Q: A company plans to purchase a large piece of machinery with $2401 semi-annual payments for 23…

A: Given:- Semi-annual payment of machinery =$2401             semi-annual payments for time =23 months…

Q: Jimmie has a job at an advertising agency earning $54000 per year. Jimmie is currently 26 years old…

A:

Q: Suppose you purchase a car and you are going to finance $14,000 for 48 months at an APR of 6.6%…

A: Given:  Finance amount (P)=$14,000             Time (t)= 48 months= 4 years             Interest…

Q: Question #1 : Suppose you own a house worth $200,000. You presently owe $125,000 on this house, and…

A: As this is a multiple type question, according to the Bartleby Answering Rule, only 1st question is…

Q: Dismas borrows 60,000, which he plans to pay back by level payments of 500 per month while being…

A: The principal amount borrowed by D , P=Rs.60,000 The annual rate of interest is given by, r=7% After…

Q: Suppose that you decide to purchase a home and you secure a 30-year, $335,000 loan at an annual…

A:

Q: A college atudent borrows $10,000 today at 10% interest compounded annually. For years later, the…

A:

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: O…

A: We have to calculate the value of simple interest.

Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest…

A: Simple interest problem....

Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

A:

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: In order to pay for college, the parents of a child invest $30,000 in a bond that pays 9% interest…

A: Given : P = 30,000 r = 9% = 9/100 = 0.09  t = 19 Semi-annually means  n = 2

Q: a. An investment offers GH¢ 2,250 per year for 15 years, with the first payment occurring one year…

A: We'll answer the first question since the exact one wasn't specified.  Please submit a new question…

Q: For items 1-2.Mrs. Gina Robles invested 100, 000.00 in a cooperative that offers 3% rate compounded…

A: Principal amount = 100000

Q: Suppose you obtain a $5000 Treasury Note with a 3% annual rate, paid quarterly, with a maturity in 2…

A: See the attachment

Q: Suppose Mr. Chui would like to know the present value of his monthly deposit of P4,500 when interest…

A:

Q: How long will it take for a ₱30,000 investment to triple if a simple interest of 5% per annum is…

A: Please check step 2 for solution

Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

A:

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest rate…

A: To find Interest charged charged on 7,300 borrowed for three (3) years at a simple interest rate of…

Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

A:

Q: Suppose that you borrow ​$3000.00 from a friend and promise to pay back ​$4845.00 in 3 years. What…

A:

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: You buy a car with a down payment of $700 and payments of $400 per month for 3 years. If the…

A:

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

A:

Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

Q: A student takes out a college loan of $4000 at an annual percentage rate of 6%, compounded monthly.…

A:

Q: A​ woman, with her​ employer's matching​ program, contributes ​$500 at the end of each month to her…

A: Consider the provided question, Calculate the Future Value of money contributed in her retirement…

Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal…

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

A:

Q: A man gets a job with a salary of $33,000 a year. He is promised a $2,200 raise each subsequent…

A:

Q: The buyer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money is 8%…

A:

Q: For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

A:

Q: A student takes out a college loan of $6000 at an annual percentage rate of 3%, compounded monthly.…

A:

Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old,…

A: Total years when child is of 18 =18-3 =15 yearrate =7% compounded semi annuallyLet they set  aside…

Q: A man pays P 132,097  every end of six (6) months for a car bought on installment terms. If the man…

A: we will use present value formula.

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A:

Q: How long will an amount of money double at a simple interest rate for 10% per annum? years

A: How long will an amount of money double at a simple interest rate for 10% per annum?

Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

Q: A student takes out a college loan of $6000 at an annual percentage rate of 5%, compounded monthly.…

A: GIVEN: Student takes out a college loan of $6000 Rate = 5% monthly