and 6 months,
Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…
A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…
Q: A trader gives a 5% discount for cash payments. What cash discount will he give on a bill of…
A: The expression: "p% of q" is same as p100×q.
Q: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest. How much total interest will…
A: Given: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest. Find the total…
Q: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…
A: From the given information we find the monthly payment.
Q: 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months.…
A: Principal (P) = $ 4000 Rate (R) = 4.5 % per annum Time (t) =4 months = 412 years = 0.33 yr As, 12…
Q: If you spend $5.50 for a Starbucks coffee three times a week, how much are you spending annually?
A:
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: tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…
A: Tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…
Q: the
A:
Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…
A: Cost of necklace = $259 Down Payment = $19 Amount left to be paid = Cost of necklace - Down Payment…
Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…
A: The mathematical formula for calculating compound interest depends on several factors. These factors…
Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…
A:
Q: Taylor plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at…
A:
Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…
A:
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: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…
A: Use the given information and the formula for annual deposit, A=(FV*i)[(1+i)n]-1
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: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…
A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years
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: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…
A: We have to solve the given question.
Q: Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering…
A: Given, Amount, A = $1300, Rate, r=2.2% =0.022 Time, t =3
Q: Teresa received $80 for her birthday. At what interest rate would she have to invest the money to…
A:
Q: rett put a $410 item on layaway by making a down payment of 16% of the purchase price. How much does…
A: A down payment is an initial payment made by a buyer for the purchase of an item or service on…
Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…
A:
Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…
A:
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: Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he…
A:
Q: Victor used a 36 month line of credit for $15,000 to remodel his kitchen. If the interest rate is…
A: We have to find interest
Q: Jenny borrows 3000 from her local bank at annual interest rate of 3.25% to be paid back in six…
A:
Q: A recent college graduate accepts a job at Google Inc. The job has a salary of $57,000 and is…
A: Given, A recent college graduate accepts a job at Google Inc. The job has a salary of…
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: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?
A: Here we have to find the interest rate i.e 'r'.
Q: Eli opened a savings account with a one-time deposit of $400. The savings account pays a simple…
A:
Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…
A:
Q: Ernie Rolph deposits $7150 at 4% for 1 year. How much interest will he earn? What is the account…
A: Given query is to find the amount after 1 year.
Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…
A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…
Q: A car dealer will sell you the $16,150 car of your dreams for $3,290 down and payments of $338.97…
A: Let the APR (annual interest rate ) be r . r is determined in the following steps
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: A student received a $6000.00 inheritance from her grandmother. She places the amount in a savings…
A: Simple interest: The general formula for simple interest is, A = Ptr/100 Where: A is the future…
Q: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…
A: Since you have asked multiple questions in a single request, we would be answering only the first…
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: 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: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…
A: The amount of loan she took P1 = $30,000 The current loan amount balance P2 = $56,000 Percentage…
Q: Graduation is in 5 years and you want to have $850 available for a trip. If your bank is offering a…
A:
Q: To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the…
A:
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: Marcia has a simple interest savings account that she initially deposited $1,300. What is the total…
A: Find your answer below
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: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…
A: We can use this formula to compute the monthly payment, Monthly payment = P×r(1+r)n1+rn-1 Where P…
John borrowed P15,000 for 2 years and 6 months, with simple interest at 9%. How much does he owe at the end of the time?
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- Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much interest will Nathaly earn in five years?Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would pay $6,596.25 in interest over five years. How much did he borrow to pay for his car?Susana invested a principal of $36,000 in her bank account that earned simple interest at an interest rate of 6.5%. How much interest did she earn in three years?
- Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much interest did she earn in 3 years?Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was earned in 2 years?In 5 years, Gloria’s bank account earned $2,400 interest at 5%. How much had she deposited in the account?
