An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

Q: . A savings account with £8,250 earns £660 simple interest after 4 Years. What is the annual rate of…

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Q: National Bank advertises an interest rate (in decimal form) of 0.050.05. If your initial investment…

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Q: Due to depreciation, the cost of a car decreases by 10.2% every year. How much is the estimated…

A: The solution is given below.

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: Brittany invested $2,890 for 232 days at a simple interest rate of 2.50% p.a. How much more or less…

A: Solved below

Q: lan's new BMW cost him $75,000. From the moment he drives it off the lot, it will depreciate by 15%…

A: Write a function that models the car depreciation use x for 6 years and Y for value of a car In…

Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: A bank offers a CD that pays a simple interest rate of 4.0​%. How much must you put in this CD now…

A: Use the formula for total amount in case of simple intrest.

Q: You invest £11400 in the bank and the interest rate is 11% per year. How much money do you have in…

A: The principal amount is 11,400. The interest rate is 11% per year and time is 1 year. The interest…

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

Q: The purchase value of an office computer is $13,500. Its annual depreciation is $1750. Find the…

A: Purchase value of the computer is $13,500. Annual depreciation is $1750. So to find value of the…

Q: Coralee invests $5,000 in an account that compounds interest monthly and earns 7%. How long will it…

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Q: Coral invested $500 in an account that earns simple interest at the rate of 5.5% each year. Assuming…

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Q: kample 3 Darnel owes a total of $3060 which includes 12% interest for the three years he borrowed…

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Q: You save $8 the first day of the month and continue saving by doubling your savings each day. DOUBLE…

A: Given savings double on each day

Q: Darren invests $750 in an account that pays 2.5% simple interest for 40 weeks. How much will his…

A: We can make it easier for you

Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: The purchase value of an office computer is 12570 dollars. Its annual depreciation is 1966 dollars.…

A: Given that: Purchase value, P=$12570                  Annual depreciation, D=$1966/year

Q: Write the equation that can be used to find the amount of each monthly payment. PV•O PMT = - where…

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Q: for a sum of $8000 to double in 12 years and 9 months, what must be the rate of interest compounded…

A: The solution is given in the next step.

Q: How much should you invest at 3.2% simple interest in order to earn $90 interest in 4 months?

A: The formula is I=Prt , Where I=interest earned, P=principal, r=rate of interest, t=time. Here, I=$90…

Q: Ken wants a $1000 TV/sound system. He can't afford that amount so he uses his credit card with 20%…

A: First of all, consider the SI formula for the calculation of the interest monthly. Principal amount…

Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. Write an equation for…

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Q: Teresa received $80 for her birthday. At what interest rate would she have to invest the money to…

A: We know that, for a Simple interest SI= P·R·T100where P = Principal,R = Rate of Interest,T = Time…

Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

Q: An electric car is a great way to save a lot of money on gas.

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Q: How much should you invest at 4% simple interest in order to earn $65 interest in 19 months?

A: Given: r=4%=0.04 I=65 t=19 months=19/12=1.5833 years To find P=?

Q: A laptop computer is purchased for $1800. After each year, the resale value decreases by 30%. What…

A: We will find the price.

Q: Randy currently earns $2,500 per month working. Each year he will get a $125 per month raise. How…

A: This question is based on algebraic operation.

Q: We invest $5500 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Formula: The formula that represents the simple interest is: I=PRT100 I is the interest. P is the…

Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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Q: Laura invests $2,000 in a bank account where she earns simple In total, how much interest will Laura…

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

Q: Marcos's savings account has a balance of $ 4,643. After 25 years, how much will your profit be at…

A: Compound interest formula:  , where A is amount after t year, P is initial amount, t is number of…

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 7%. How many years…

A:

Q: John invested P120,000 in a bank which earned P37,800 after 3 1/2 years. Who is the investor? At…

A: Given that John invested P120,000 in a bank.So John is the investor.P=principle=P120000r=interest…

Q: During a prolonged recession, property values on Long Island depreciated by 4% every 6 months. If my…

A: Given-House cost/present value(PV)=$200,000n=6 yearsdepreciated rate(r)=4%frequency(f)=6 monthin…

Q: A student has a saving account with $475 in it. She deposits $125 of her paycheck into the account…

A: Let, a is number of week.  475+125xa=7,000   Explanation:   125×a = 7000-475         a =6525/125…

Q: You decide to invest $900 into an account where interest compounds annually. If the interest rate is…

A: At interest rate 5%, Money in the account after 2 years is $992.25.

Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

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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: An investment pays simple interest, and triples in 9 years. What is the interest rate? Answer =…

A: Simple Interest formula , A=P(1+rt) where A= final amount,                                P =…

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: You invest $4000 in an account that pays simple interest of 4​% for 10 years. The amount of money​…

A: We will use basic knowledge of simple interest formula and knowledge of basic arithmetic to solve…

Q: To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How much…

A: Simple interest = PRT100, where P = principal amount R= Rate of interest T= Time in years…

Q: . How much money will the customer have in the account after 5 years?

A:

Q: At what interest rate will P120,000 earn P37,800 interest after 3 ½ years? A 9 % B) 8% 10% D) 7%

A:

Q: Monthly Juans net earnings are 38 000 and expenses are $7,000. If Juan saves the ofference how much…

A: Monthly earnings = $8000 Monthly expenses = $7000 ∴ Monthly savings = $8000 - $7000 = $1000

Q: Alex invests $2,000 in a company's stock. After a year, the value of Alex's stock has increased to…

A: According to the given information:Amount invested by Alex in company’s stock = $2000After a year,…

Q: Karen deposits $800 into an account that pays simple interest of a rate of 2% per year. How much…

A: Given information:Karen deposits $800 into an account that pays simple interest of a rate of 2% per…