Carl placed $3,200 in a savings account that compounds interest annually at a rate of 1.0%. How much will he have in the account after 7 years?

Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

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Q: Sally made a profit of $2500 after selling stocks for $19000 after 2.5 years.What was her average…

A: We need to find average annual growth rate.

Q: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…

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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: Paul puts $300 in a savings account that earns 3% interest annually. How much interest will he earn…

A: Given Paul puts $300 in a savings account that earns 3% interest annually. To find how much interest…

Q: How much was initially invested if the value of the investment is at P200,000

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Q: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

A: Hugo opened a savings account and deposited $1,000.00. The account earns 5% interest, compounded…

Q: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

Q: Monthly, Juan's net earnings are $8,000, and expenses are $7,500. If Juan saves the difference, how…

A: Monthly details:  Juan's net earnings =  $8,000    Juan's net expenses = $7,500 difference = $8,000…

Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Fred invested $25,000 at 4% simple interest. What will be the total value of the account after five…

A: In this question we have to find the Accumulated value after 5 years investmnet of 25000 now  .…

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

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Q: To finance her community college education, Sarah takes out a loan for $2900. After a year Sarah…

A: Given that, Sarah takes out a loan for $2900 to financeher communinty college education.After a year…

Q: Tom earned $ 504 when he invested $16,820 for 8 months. His rate of simple interest was:

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Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: Carolyn will receive a 5% increase in pay this year and a 6% increase next year. What is the percent…

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Q: Sam invested $2700 in an account with annually compounded interest. After 7 years, he had $3432 in…

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Q: In five years Gloria's bank account earned 2400 interest at 5% simple interest . How much had she…

A: Given that In five years Gloria's bank account earned 2400 interest at 5% simple interest To find…

Q: Elsa borrowed $9000 from a bank for 4 years and was charged for simple interest. The total interest…

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Q: Instead of paying $20 per month, you decide to increase it to $50 per month.  How much will you owe…

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Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…

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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: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…

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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: Sue purchased a $17,000 life insurance policy at the price of $48 per $1000 of coverage. If she pays…

A: Introduction:If total coverage = P and the policy price = $r per $1000.thentotal policy cost = r x…

Q: Margo makes $82,000 every year. If she spends $24,000 on rent each year, what percent of Margo’s…

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Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

A: Simple interest:Simple interest is an easy method of calculating the interest charge on a loan.…

Q: Sally made a profit of $2500 after selling stocks for $19000 after 2.5 years. What was her average…

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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: The total intrest that she paid on the loan was $270.

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Q: emily kailyn received an inheritance of $208,000.00 from her grandfather and invested part at 10%…

A: Follow below steps to obtain the answer: -As we know that formula for calculating simple interest is…

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

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Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: Jake borrows $2,500 at an interest rate of 15% a year. If he repays the loan in 2 years, how much…

A: Assuming the simple interest, Interest = PRT/100 Where P= principal R = rate T = time

Q: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest what was the principal…

A: In 25 years A bond with a 4.75 annual interest rate earned 2375 as interest. what was the principal…

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: Chloe has $90,000 in a savings account that earns 9% annually. The interest is not compounded. How…

A: Given,         Chloe has $90000 in a savings account that earns 9% annually, 4 months.

Q: Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he…

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Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage = $150,000 Monthly payment of Susie = $531.8Total time of…

Q: Jenny borrows 3000 from her local bank at annual interest rate of 3.25% to be paid back in six…

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Q: Kaitlin borrowed $600 from a bank for 6 years and was charged simple interest. The total interest…

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Q: Dominic works after school to save money for college. He makes monthly deposits of $250 into an…

A: Given: Deposit =$250Rate of interest=4%Time =5 years

Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

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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: Hilaria borrowed $8,000 from her grandfather to pay for college. Five years later, she paid him back…

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Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…

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Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: Sanjay borrowed $7000 at a simple interest rate of 3% per year. After a certain number of years he…

A: