Ernie Rolph borrowed ​$7400 at 8​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe?

Q: 6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: In the question it is asked to calculate the total amount generated in account.

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

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Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: Marwan provides a donation of $4291 to a college with the provision that a scholarship is paid at…

A:

Q: A farmer purchased 275 acres of land for $4,500/acre. He paid 25% down and obtained a loan for the…

A: Find the annual payment from the given conditions

Q: Mr. Tan borrowed ₱15,000 from the faculty fund at 13.25% simple interest for 210 days. How much…

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Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 14…

A: We will find the principal for given problem.below find the detail solution in image.

Q: Marwan provides a donation of $5511 to a college with the provision that a scholarship is paid at…

A:

Q: 9000 dollars is placed in an account with an annual interest rate of 7.75%. How much will be in the…

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Q: The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how…

A: How many months will it take to pay off an unpaid balance of $2,470.04. ?

Q: If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the end of…

A: Given, If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

Q: A loan of $10,967 was repaid at the end of 18 months. What size repayment check (principal and…

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Q: You deposit $8400 into an account earning 6% interest compounded quarterly. How much interest will…

A:

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: If you buy a computer directly from the manufacturer for $2,654 and agree to repay it in 48 equal…

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Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

Q: rate

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Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

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Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

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Q: Jacqueline loaned $61,000 to a small business at 5.14% compounded monthly for 1 year and 9 months.…

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Q: You deposit $3000 each year into an account earning 4% interest compounded annually. How much will…

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Q: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in…

A: We can solve this using future value formula

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

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Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: We know that Simple interest = PTR/100 Here Time is 7 years and Rate is 6%  Amount is 20000$. Amount…

Q: you deposit $300 each month into an account earning 2% interest compounded monthly. How much will…

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Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…

A: By using the formulas of future value we solve the given problem as follows :

Q: Mary has agreed to loan Karen $1,125.37 for 5 years at 7%% simple interest. How much will Karen…

A: # Mary will receive the amount when loan is repaid as Mary has agreed to give loan to Karen The…

Q: Aubree invested $8,300 in an account paying an interest rate of 2.2% compoùnded quarterly. Assuming…

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Q: How much would you need to deposit in an account each month in order to have $50,000 in the account…

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Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: Given: The required amount in future is $20,000. The interest rate is 2%. The time duration is 8…

Q: The compounded amount of a $5,000 investment at 7% interest compounded semiannually for 4 years is…

A: We will solve the following

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…

Q: Inga Moffitt invests a bonus of $9000 at 6% annual interest compounded semiannually for4 years. How…

A: P=$9000,  r=6%=0.06,  t=4  &  n=2 Now total amount earned is,…

Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A:

Q: For her​ daughter's education, Georgina Harcourt has invested an inheritance in a fund paying 7.4​%…

A: Given: PMT=$146 Number of years = 9 Total number of months n=9 x 12 =108 Interest=7.4% annually…

Q: Snape made a deposit of $495 into an account that pays 3% interest compounded annually. How much…

A:

Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…

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: 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: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…

A: We will use the compound interest formula to find the amount after 17 years

Q: Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple…

A: Principal = 18000 Rial R= 0.08 p.a for first two years R= 0.1 p.a for next three years.

Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

A: