A sum of money at simple interest amounts to ? 815 in 3 years and to ? 854 in 4 years. The sum is (1) 7 650 (2) 7 690 (3) 698 (4) 3 700

Q: For life insurance policies, some of the premium pays for the cost of the insurance, and the…

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Q: How much of this total is interest?

A: Interest rate per period, r = (5%)/4 = 0.05/4 = 0.0125 Total no. of periods, n = 4*20 = 80   Use the…

Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

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: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

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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: You have found an annuity that will pay 4.75% annually and you plan to put $1,000 into the annuity…

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Q: A loan of $29,000 is made at 8.25% interest, compounded annually. After how many years will the…

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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: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

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Q: A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 6%, what…

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Q: Sara borrowed 25,500 to purchase a new car .if the rate on the loan is 8%compounded quarterly , how…

A: Given Information -  Amount borrowed by Sara = 25,500 Rate of interest = 8% Time period of loan = 5…

Q: What offer is more convenient for a factory salesperson, if the money can be invested at 10%…

A: Given:-             Rate of annual interest = 10% compounded monthly            Rate of monthly…

Q: A loan of $9000.00 was repaid together with interest of $3728.00. If interest was 9.4% compounded…

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Q: When Maria Acosta bought a car 2.5 years ago, she borrowed $10,000 for 48 months at 7.2% compounded…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=240.39 r=7.2%=0.072 n=12…

Q: If an amount of $2371 is borrowed at a simple-interest rate of 5% for 6 years. Then the simple-…

A: The formula for simple interest is given by SI=PRT100 where P is principle, R is rate and T is the…

Q: Wayne was late in making a $3,500 payment to Dora. If Dora accepted a payment of $3,801.75 and…

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Q: Joel is considering putting a 1300 laptop on his credit card, which has an interest rate of 2.25%…

A: Let's say a person has taken a certain amount of loan and wants to repay it in equal installments.…

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: A company plans to purchase a large piece of machinery with $5385 semi-annual payments for 41…

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Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

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Q: 4. Fleet Street Bank pays 4.25% compounded quarterly on a savings account. Washington Bank pays…

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Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

A: The loan amount is $8,000. APR is 4%. Interest per month is 4%/12 = 0.3334%=0.00334 The monthly…

Q: Marwan provides a donation of $6556 to a college with the provision that a scholarship is paid at…

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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…

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Q: A father opened a savings account for his daughter on the day she was born, depositing $1,000. Each…

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Q: 4. At age 27, Jill deposited $4,000 into an IRA, where it eams 9.8 % interest compounded monthly.…

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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: 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 debt of $9179.58 is repaid by payments of $1797.52 in 4 months, $1295.22 in 16 months, and a final…

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Q: How much interest will you have to pay for a credit card balance of $754 that is 1 month overdue, if…

A: Topic - interest

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: What is the cash value of a three-year lease of office facilities renting for $1536.50 payable at…

A: givenP=$1536.50R=9%5n=3 yearsusing monthly compound inerest forrmulaA=P(1+R12x100)12n

Q: Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the…

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Q: Ernie Rolph borrowed ​$7400 at 8​% annual simple interest. If exactly 1 year later he was able to…

A: Consider a person who borrows $7400 at 8% annual simple interest. He is able to repay the loan…

Q: If you borrow $800 for 6 months at 6% annual simple interest, how much must you repay at the end of…

A: Simple Interest Formula: A = P 1+r·t where A is the final amount. P is the initial amount. r is the…

Q: Marwan provides a donation of $3068 to a college with the provision that a scholarship is paid at…

A:

Q: If you borrowed $12,000 for 8 months at 7% annual simple interest, how much must you repay at the…

A: Using the formula A = P (1+r)t Where A : amount to be paid               P : Principal that is…

Q: asa has invested money from the settlement of an insurance claim. she plans to withdraw 1900 from…

A: Given: Interest rate = 7% compounded semi annually The payment hold over for 6 years

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

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 you want to have $800,000 for retirement in 35 years. Your account earns 6% interest. How…

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Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2133 if…

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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: John makes annual deposits of $1600 to an an IRA earning 7% compounded annually for 16 years. What…

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