1. Using 12 percent simple interest per year, how much interest will be owed on a loan of $500 at the end of two years? Answer:

Q: You want to save $50,000 in 18 years for a college fund for your child by making regular,…

A:

Q: Jimmie has a job at an advertising agency earning $54,000 per year. Jimmie is currently 26 years old…

A:

Q: 4 a) If a house is sold for $790,000 plus GST what is the actual sale price? Iman b) If a house is…

A: 4) Given information: Open market price=$790,000 Rate of GST=12%

Q: 1. How much would the equal monthly payments be on a student loan of $10,500 that has a ten-year…

A: You mentioned only 1 and option A to solve, I will solve both of them but if you want I will solve…

Q: 2. If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500, what per annum…

A:

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?…

A: When the interest is simple, then the formula used is A=P(1+rt), where, A is the final amount, P is…

Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

A:

Q: Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?…

A: Consider the given information. PV=$10000 r=12.5% t=3 years And, the values are defined as.

Q: 13. Calculate the simple interest on a bank loan of $200,000 for a month, with a quoted rate of 6%…

A:

Q: O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly…

A: Given that total amount of loan is P=$8000 , time is 60 months or t=6012=5 years, total simple…

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: 1. How much is your loan amount today if you are going to repay using 80 equal monthly payments of…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: An investment will pay 5000 dollars at the beginning of 2001, and 3800 dollars at the beginning of…

A:

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: 1.2) You lend a friend RM20,000 for a year at an annual interest rate of 5%. At the end of the year…

A: We have, you lend a friend RM20,000 for a year at an annual interest rate of 5%. We know that,…

Q: Find the mortgage payment for a 15-year loan of $224,100 at an annual interest rate of 8.15%. (Round…

A:

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: Consider a student loan of ​$15,000 at a fixed APR of 9​% for 30 years.   a. Calculate the monthly…

A: (a)Calculate the monthly payment as follows.

Q: If you borrow $5000 and,after 9 months,pay off the loan in the amount of $5500, what per annum rate…

A: Consider the given: Let the per annum rate of interest be "t",12 months = 1 year9 ​months = 0.75…

Q: A) if you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be…

A: As per the company guidelines i am solving the first question please resubmit the question for…

Q: Juan De Mesa borrowed P50k at 2% per month payable in 36 equal end the month payments. a. How…

A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

Q: 2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first…

A: We will find out the required value.

Q: You buy a house for $250,000, make a 20% down payment, and take out at 30-year mortgage at an annual…

A: Here, House price= $250,000 Down payment= 20% Effective interest rate= 4%

Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: If you borrow $600 for 18 months at 8% annual simple interest how much must you repay at the end of…

A:

Q: 55 If a student loan in your freshman year is repaid plus 20% four years later, what was the…

A: If a amount P invested at a rate of interest r% per year for time t year.  Then the interest (I) is…

Q: 6. A payday loan company charges a $35 fee for a $550 loan that will be repaid in 17 days. If we…

A: We will follow the below steps to find the annual rate of interest for pay day loans

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

A:

Q: Has a credit plan which charges her an interest rate of 36% compounded bimonthly. What is the…

A: Here, the formula used is: i=1+rmm-1...(1)

Q: Given a final value M, related to an investment of 4 years and 9 months, if the present value is…

A: Question: Given final value M, related to an investment of 4 years and 9 months. If the present…

Q: You want to be able to withdraw $20,000 from your account each year for 20 years after you retire.…

A:

Q: A. A$10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Suppose you buy a home and finance $170,000 at $1247.40 per month for 30 years. a) What is the…

A: Given  Home price  is P= $170,000 Monthly charge is PMT = $1247.40 The number of years is t= 30…

Q: B 1. A conservative invesment account pays 2% interest. If you deposit 500 a week into this…

A: Let's find.

Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: 1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If…

A: Solution

Q: A company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one year.…

A:

Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

Q: 13. (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9750.…

A:

Q: Calculate the amount of simple interest you would pay on a loan of $20,000 at a rate of 5.6% per…

A:

Q: Complete the table. Principal rate time interest $4,000 6% 3 yr $ Account 1 2 yr 2$ Account 2…

A:

Q: Consider a home mortgage of ​$150,000 at a fixed APR of 4.5​% for 15 years. b. Determine the…

A: We will find the answers to all the parts as following.

Q: 1. My friend charged 38/- interest for a one month loan of 500/-. Find the annual interest rate he…

A: Finding the annual interest rate

Q: 1. A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per annum,…

A: We will answer the first question only as we don't answer multiple questions at a time. Please…

Q: If you borrow $4,000 for 4 years at an interest rate of 3%, how much TOTAL will you pay? * O $8000 O…

A: Given that P = 4000 R = 3% = 0.03 T = 4 Since We know that SI = PRT

Q: A college student receives an interestfreeloan of $8250 from a relative. The student will repay$125…

A: A college student receives an interest free loan of $8250 from a relative. The student will repay…

Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.