David owns $30,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 2%/year (simple interest). How much income will David receive from this investment every 6 months? How much interest will David receive over the life of the bonds?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: Melanie invests $13,000 at 13% simple interest for 1 year. How much is in the account at the end of…

A: Substitute 13000 for P, 13% for r and 1 year for t in the simple interest formula I=Prt and…

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

A:

Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much…

A: Given  : P = Principal value = $500 r = Interest rate = 4% =0.04 t = time in years = 45365

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

A:

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

A:

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

Q: You inherit $70,000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: Let x (in dollars)  be the amount invested at 4% and then amount invested at 10% is (70000-x)…

Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: Assume that her total winnings are $ 700000, that the utility bonds will pay 14 percent per year,…

A: Given, Total winnings = $700,000 The utility bonds pay = 14% per year The savings account pay = 6%…

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If his earned…

A: To find the investment in each account.

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: You inherit $28,000 from a very wealthy grandparent, with the stipulation that for the first year,…

A: Let x=amount invested at 4%       y=amount invested at 10%

Q: If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the…

A: Given: Present value = $ 3000 Interest rate = 9% Number of periods n = 6 years

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Oliver makes deposits into two separate savings accounts: • Account 1: $5000.00; 4% annual simple…

A:

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: An executive invests $24,000, some at 6% and the rest at 4% annual interest. If he receives an…

A: To find: The amount invested in 6% rate of interest and 4% rate of interest. Given: Some of the…

Q: An investor puts £5,000 in a savings account that pays 10% simple interest at the end of each year.…

A:

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A:

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

A: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

Q: A payday loan is made for four weeks, where the amount of interest owed per $⁢100 borrowed is $10.…

A: Principal = $800 Time period for the loan = 4 weeks Amount of interest owed per$100 is $10   Total…

Q: Oliver makes deposits into two separate savings accounts: • Account 1: $5000.00; 4% annual simple…

A:

Q: How much interest will Roxanne have to pay if she borrows $1000 for 2 yr at a simple interest rate…

A:

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: If the rate of interest in Example 2 was 6% instead of 1.2%, how much will the account have after 24…

A: Principal Investment (P) =$1000 Rate of interest (R) = 6% per annum = 612% per month=12% per month…

Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

A:

Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

Q: Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year,…

A: Given: Total winnings=$ 400000 . The utility bond will pay 16% per year. The savings account will…

Q: If I have $500 in my account after 4 years of investing at 2.5% per year, how much money did I start…

A:

Q: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6% per…

A: Given: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6%…

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,000…

A: We have to find the depereciated value after 14 years.

Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal…

Q: rest rate of

A: Given, Ms. Drake invests $1000 at a simple interest rate of 8.5% for 2 years. The interest during…

Q: A payday loan is made for five weeks, where the amount of interest owed per $⁢100 borrowed is $⁢20.…

A:

Q: if you decide to invest $2500 at 5% annual interest rate every year, how much would you have in your…

A:

Q: Graduation is in 5 years and you want to have $850 available for a trip. If your bank is offering a…

A:

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

A:

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: An inheritance of $24,000 is to be divided among three trusts, with the second trust receiving twice…

A: Given :-  x + y + z = 24000 and y is equal to 2 times x then x+2x+z = 24000 z = 24000 - 3x 3x+z =…

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

A:

Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

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…

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage