A student borrows ​$1000 at 15​% for 9 months to pay tuition. Find the total amount due using simple interest.

Q: Andy deposits $5000 into an account where intrerest is compounded biweekly. After five years, andy…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Find the simple interest earned. Round percent's to the tenth or hundredth of a percent. Jean…

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Q: The sum of Php 15,000 was invested for 3 years at 9% interest compounded semiannually (a) how much…

A: Given that : Principal (P) = 15000 Rate (r) = 9 % annually... For semiannually rate becomes  9/2 %…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

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Q: You deposit $6000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: Melissa Blum deposits $7500 of lottery winnings in an account paying 6% interest compounded monthly.…

A: Effective rate for compound interest: If r is the annual stated rate if interest and m is the number…

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: A stock pays an annual dividend of $1.14 per share. Calculate the dividends paid to a shareholder…

A: The dividend paid for a stock is $1.14 per share. The number of shares a shareholder has is 305.

Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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Q: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: Curtis invested $4200 into an account that pays 1% interest compounded annually. How much money…

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Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

Q: You deposit $175 in an account that pays 4% interest compounded quarterly. How much will you have in…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: Lupita deposited $5,000 into a savings account that earns 2% interest compounded annually. Rounded…

A: To Determine: how much interest will Lupita have earned after 48 month Given:  Lupita deposited…

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: To pay for his debt at 10% compounded semi-annually, рay Marcus committed for 10 quarterly payments…

A: To determine the amount of money Marcus borrowed.

Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

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Q: A Student borrwos 3,000 at 10% For q monthS to Pey +Uition. Find the total amoUnt interest. due…

A: simple interest is given by here we have  P=3000 t=9 months r=10%=0.1

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

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Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: Francisco borrows $870 from his parents and agrees to pay them back the same amount each month…

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Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

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Q: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

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Q: Keisha borrowed $300 from a bank for 5 years and was charged simple interest.The total intrest that…

A: Given that Keisha borrowed $300 from a bank for 5 years  She paid total simple interest $120. To…

Q: 1800 dollars is invested at an the end of 5 years for the follo Annual: $ Somianpual:

A: As per the bartleby guidelines for more than one question only one has to be solved . Please upload…

Q: A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at…

A: Given that a laptop was bought for 10,000 php plus a monthly installment of 4500 php scheduled to be…

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: $8000 are invested in a bank account at an interest rate of 6 percent per year.

A: Given: $8000 are invested in a bank account at an interest rate of 6 percent To Find: a. Find the…

Q: A vendor borrows a certain amount of money at 8% simple interest for 3 months. Determine the…

A: We know that the simple interest formula is I = Prt  P is the principal amount. r is the interest…

Q: Jenny borrows 3000 from her local bank at annual interest rate of 3.25% to be paid back in six…

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Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…

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Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

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Q: The simple interest charged on a 6 month loan of $18000 is $918. Find the simple interest rate.

A: P=$18,000t=612=12I=$918   Formula used: I=Prt here I in interest P is principle r is rate t is time

Q: You deposit $3000 in an account earnings 3% interest compounded monthly. How much will you have in…

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Q: Goran borrowed $5000 from a lender that charged simple interest at an annual rate of 9%. When Goran…

A: Solution ) P = $5000,  R = 9% , SI = $2250 formula  Simple interest = ( P × R × T) /100…

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: Lori buys a $411 certificate of deposit (CD) that earns 4.6% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: A man deposit 90,000 in a saving bank for 5 months. If the interest amount to 1,875, find the rate…

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Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: To buy a car, Sophia borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much…

A: Sophia borrowed $15,000. Time is T= 3years. The rate of interest is r=9%. The objective is to find…

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: Find the amount due on a loan of $6500 at 8% simple interest at the end of 4 vear

A: Given P=$6500Rate= 8%Time = 4 yearsWe know that I=PTR100

Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…

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Q: $5000 are invested in a bank account at an interest rate of 5 percent per year.

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