A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount of P 12,500 interest in return?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: 2. Jeff invested some of his P 1,500,000 retirement benefit at 12% and the rest at 15% yield. How…

A: Let the investment at 12% benefit be : X  Let the investment at 15% benefit be : Y Therefore X + Y =…

Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

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Q: The TACO Truck costs $60,000. If you used a straight-line depreciation and plan to keep the vehicle…

A: Here cost of the asset =  $60,000 Here, we plan to keep the vehicle for 10 years  The salvage value…

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

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Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

Q: Rachel receives $2,800 pay each month from her job. If she spends 24% on rent and 12% on food, how…

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Q: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

Q: Monthly, Juan's net earnings are $8,000, and expenses are $7,500. If Juan saves the difference, how…

A: Monthly details:  Juan's net earnings =  $8,000    Juan's net expenses = $7,500 difference = $8,000…

Q: On an investment of OMR 50,000, Salim receives OMR 65,000 after one year. If Salim invested OMR…

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Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: To finance her community college education, Sarah takes out a loan for $2900. After a year Sarah…

A: Given that, Sarah takes out a loan for $2900 to financeher communinty college education.After a year…

Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…

A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…

Q: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…

A: In this question we have to find the amount which is loaned out at 8%.

Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…

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Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Sue purchased a $17,000 life insurance policy at the price of $48 per $1000 of coverage. If she pays…

A: Introduction:If total coverage = P and the policy price = $r per $1000.thentotal policy cost = r x…

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car.  How much…

A: Given: Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car.  How…

Q: a.) How long will it take for P800 to earn P240, if it is invested at 6.5% simple interest?

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Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

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Q: Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal…

A: Robin invested $1000 in a 12% simple interest deposit for 3 years. he also invested an equal amount…

Q: 2. Simone bought her house for $150,000 in 2000 and sold it for $725,000 in 2020. What are the total…

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Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest what was the principal…

A: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest. what was the principal…

Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

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Q: Russell invested 50,000 pesos in a bank that pays 8% compounded quarterly for 5 years. How much is…

A: We used the formula A=P(1+r/n)^(nt)

Q: Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year,…

A: Given: Total winnings=$ 400000 . The utility bond will pay 16% per year. The savings account will…

Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: John bought a recliner priced at $500, which was financed for $30 a month for 24 months. What is the…

A: In this question we have to find how much is the finance charge.

Q: Inga Moffitt invests a bonus of $9000 at 6% annual interest compounded semiannually for4 years. How…

A: P=$9000,  r=6%=0.06,  t=4  &  n=2 Now total amount earned is,…

Q: How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest…

A: If p= principal amount R= rate of interest t= time And I is the interest after time t at a r% rate…

Q: Susie is paying $577.02 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: The formula used to calculate the EMI (monthly instalment) for a loan is: EMI = P×r×1+rn1+rn-1 Here:…

Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

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Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

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Q: Carmen put a $270 watch on layaway by making a 12% down payment and agreeing to pay $18 a week. How…

A: The question mentioned that the payment is divided into a down payment of 12% and $18 per week…

Q: The Smiths bought an apartment for $75,000. Assuming that the value of the apartment will appreciate…

A: Please see the answer in Step 2

Q: Jamal wants to save $46,000 for a down payment on a home. How much will he need to invest in an…

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Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: With 1500.00 I opened a savings account in a bank that offered me a monthly interest rate of 0.5%.…

A: Given: P = $1500.00, r = 0.5% p.m., n = 12

Q: Sanjay borrowed $7000 at a simple interest rate of 3% per year. After a certain number of years he…

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Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: An inheritance of $24,000 is to be divided among three trusts, with the second trust receiving twice…

A: Given :-  x + y + z = 24000 and y is equal to 2 times x then x+2x+z = 24000 z = 24000 - 3x 3x+z =…

Q: Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less…

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

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