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Calculate the simple interest earned. Round to the nearest cent.
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- Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 5.9%, t = 6 monthsCalculate the simple interest earned. Round to the nearest cent. P = $2250, r = 4.00% monthly, t = 4 monthsCalculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent.
- Compute the simple interest INT for the specified length of time and the future value FV at the end of that time (in dollars). Round all answers to the nearest cent. $12,300 is invested for 9 months at 7% per year. INT = $ ___ FV = $ __1.If you bought a 4-week T-bill for Tk.887 and receive Tk.1,200 4 weeks later, what is the effective annual compounded interest rate earned?1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. If the discount was converted monthly, the nominal discount rate is? (That is, d(12) = )
- Suppose you bought a 3 year CD for 22,000 with an APR of 3.76% compounded quarterly. How much interest will you have earned when the CD matures? Round to nearest cent.Compute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. You borrow $12,000 for 6 months at 3% per year. INT= FV=Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $60, t = 4 months
