Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P 50,000 which is due at the end of 9 months.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

A:

Q: Mr. Menni Paquito's corporation declared a 3% dividend on a stock with a par value of 500 pesos.…

A: Given that Mr. Menni Paquito's corporation declared a 3% dividend on a stock with a par value of 500…

Q: Carlo purchases a new laptop computer from Microworx Computer Solutions for Php14,990. If the sales…

A: Given:  The cost of the new laptop is Php14,990 and the sales tax is 4.25% of the purchase price.…

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

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: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

A:

Q: 3. Mocca Blanca invested P45, 000 for 2 years and 8 months and earn P12,450 interest. What was the…

A: Mocca Blanca invested P45, 000  for 2 years and 8 months and earn P12,450 interest . We have to find…

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

A:

Q: Q2. Joshua borrowed $1000 from his friend and paid him back $1050 in six months. What simple annual…

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: A Student borrwos 3,000 at 10% For q monthS to Pey +Uition. Find the total amoUnt interest. due…

A: simple interest is given by here we have  P=3000 t=9 months r=10%=0.1

Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

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: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: Yu-Feng Liang bought a used car for $8000. He made a down payment of $1000 and paid off the balance…

A:

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A:

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: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

A:

Q: Ben wants to purchase a new car in 3 years and expects the car to cost $30,000. His bank offers a…

A:

Q: present value of the loan

A:

Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

A:

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Jonathan wishes to buy a used Chevy Malibu for $12,500. He only has $1,000 for a down payment so the…

A: Simple interest is given by I=PTR/100

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A:

Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

A:

Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…

A:

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple…

A:

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

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: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…

A: Future value is $10,000 Rate of interest 1.35%

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: Find the amount due on a loan of $6500 at 8% simple interest at the end of 4 vear

A: Given P=$6500Rate= 8%Time = 4 yearsWe know that I=PTR100

Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given:

Q: Calculate the amount of simple interest earned. Round to the nearest dollar. $2000 at 9% interest…

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.