Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple interest rete?

Q: IKEA Furniture's forniture with 3year Biaple isterent 84 interest What is maturilyy sahue of loan?…

A: We have to find the extra amount to be paid first.

Q: Good Bikes, Inc. adds 12% simple interest to cover other operating costs. Louie buys a P10 000 bike…

A: topic - simple interest

Q: Samuel lent $2,060 at a simple interest rate of 2.50% p.a. to his friend on June 09, 2013. Calculate…

A:

Q: Pat bought a home for $165,000 and made a $25,000 down payment. She got a fixed rate mortgage at 5%…

A: Consider the given data  cost of home=$165,000down payments=$25,000rate of mortgage r=5%time t=30…

Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

A:

Q: Mr. Luke Fajardo took out a bank loan. He was given P1,342 by the bank and pledged to repay P1,300…

A: Given that, The bank has given him P=1342. He needs to repay, M=1300. Time, t=1 year. We know the…

Q: Yu-Feng Liang bought a used car for $7500. He made a down payment of $1000 and paid off the balance…

A: # Please provide the APR table for the second part(that is not given) , the first part is solved (a)…

Q: Lynn needs to borrow $5500 for cosmetic surgery. She obtains a loan from her grandmother for 48…

A: Given: Lynn borrows a loan for cosmetic surgery of $5500 at simple interest rate 7.3% for 48 months.

Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Maggie took out a car loan in the amount of $54,200. Her loan agreement says that she will pay the…

A: Given: The loan amount is $54200. The interest rate is 15.1% compounded annually. The duration is 2…

Q: Leona Jefferson purchased a home and obtained a 25-year loan of $437,750 at an annual interest rate…

A: Simple interest problem

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

Q: Peggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the…

A: Step-by-step solution Step 1  We have to find the purchase price of the furniture (P=?)…

Q: Mr. Ramirez borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…

A: Mr. Ramirez borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…

Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

A:

Q: Abigail purchased furniture for $4,500.00 and received an invoice dated June 2, 2013 with terms 4/10…

A: In this question, concept of Discount is applied. Discount When a seller sells items to a buyer, the…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

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: Jeffery Wei received a 7-year non-subsidized student loan of $31,000 at an annual interest rate of…

A:

Q: MIKE DEPOSITED ON MARCH 12, 2020 AT 10.5% SIMPLE INTEREST. ON SEPTEMBER 8, THE FUND ACCUMULATED TO…

A: Given- Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, the fund…

Q: You take out a 50-day single-payment loan for $910 with an interest rate of 19%. Find the amount of…

A: using :- simple interest = P×R×T

Q: Used-car financing of $100,000 for 20 months at 8.75%. what is the monthly payment

A: Given: The principal amount to be financed is P=$100,000 for t=20 months at the interest rate of…

Q: Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P…

A: Future Amount (F) = P50,000 interest rate (i) =12% number of months (n)= 9 months

Q: Shelby and Mark Lawrence were married a year ago and are planning to purchase a condo as their first…

A:

Q: Aaron lent $2,480 at a simple interest rate of 2.50% p.a. to his friend on July 10, 2013. Calculate…

A:

Q: A loan is issued for $15,000 with a simple interest rate of 4% for 5 years. Calculate the interest…

A:

Q: Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2…

A: a. Given : P= 1000             rate =3% annual            time = 2 years b. Given : P= 5000…

Q: PETER PAID 50,000 IN 2.5 YEARS. HE BORROW P40,000 what is the simple interest?

A: In total Peter paid = P50000  Time to pay back = 2.5 years Peter borrowed = P40000

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Alan decides to buy a home. He takes out a mortgage of $400,000 with an interest rate of 4.6%.…

A:

Q: Gesky Industrial Products manufactures brushless blowers for boilers, food service equipment, kilns,…

A: Solution...

Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: Brian deposits $755 in an account that pays 1.24% simple interest for 1 year what is brians balance…

A: From the given data:

Q: Jeffery Wei received a 6-year non-subsidized student loan of $33,000 at an annual interest rate of…

A: Consider the provide question, Given, P = $33,000 Annual interest rate = 5.8% We first find the…

Q: rt D: Home Depot sells a $1850 gas grill on the installment plan. The installment agreement includes…

A: The selling price of gas grill is $1850.  Installment agreement includes 20% down payment and 12…

Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

A:

Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

Q: Jeffery Wei received a 7-year non-subsidized student loan of $30,000 at an annual interest rate of…

A: Given: Loan Amount=$30,000 Annual interest rate=i=5.4%=0.054 Finance period=7 years Loan is non…

Q: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

A:

Q: Jeffery Wei received a 6-year non-subsidized student loan of $30,000 at an annual interest rate of…

A: Given problem Given that   Jeffery Wei received a 6-year non- subsidized student loan of $30,000…

Q: Karen borrowed $4,046 from a bank for 6 months. The bank collected simple interest on the loan at an…

A: we know that simple interset is calculated as I=PRT100 where P is the principal  R=annual rate of…

Q: Peter lent $2,860 at a simple interest rate of 3.75% p.a. to his friend on September 08, 2020.…

A: This question involves concept of simple Interest. Simple Interest The interest rate is multiplied…

Q: Chez Bazan Bakery borrowed $24,300 for a new commercial oven. The simple interest loan was repaid in…

A: Follow the steps below to yield the result. First compute the simple interest amount. Calculate the…

Q: Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.…

A: Ski boat cost=$ 5900Down payment need to pay on purchase=10100x5900=$590∴Remaining principal…

Q: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

A:

Q: Joseph borrowed Php 5,000 on November 2, 2015 from Arthemus, which is to be repaid on May 21, 2016…

A: Here we will find out the required value.