Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account balance at the end of one​ year?

Q: You decided to purchase P50 000 LED TV through your credit card. After a month you discovered from…

A: According to our guidelines we are supposed to do only one question. Kindly repost ohter question as…

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: Rafael and Natalia Sandino built a new barn. To finance the loan, they paid $1,292 interest on…

A:

Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

A:

Q: Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? ____ $800…

A: All values given.. Use the formula of simple intrest.. And put the values..

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. a)…

A:

Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: 8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the…

A: The rate of interest is, r = 6.5 The principal amount is, 8300 dollars  So, the annual interest…

Q: deposited ​$7,000 into a savings account 5 years ago. The simple interest rate is 2​%. How much…

A:

Q: Maggie took out a car loan in the amount of $54,200. Her loan agreement says that she will pay the…

A: Given: The loan amount is $54200. The interest rate is 15.1% compounded annually. The duration is 2…

Q: Leona Jefferson purchased a home and obtained a 25-year loan of $437,750 at an annual interest rate…

A: Simple interest problem

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

Q: The simple interest charged on a 3-month loan of $91,000 is $962. Find the simple interest rate.…

A: Principal, P = $91000 Simple interest charged, I = $962 Time, t = 312 years Interest rate, r = ?

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

A:

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: Gina buys her first house for $250,000 at 5% APR with a 30-year mortgage.a. Find her monthly…

A: a) It is given that, Gina buys house for $250000 at 5% APR with a 30-year mortgage. Here Principal…

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: Ed puts PhP 45,000 into an account to use for future expenses. The account earns 13%, compounded…

A: Topic = Algebra    Formula for compound interestA=P1+rnntA=Final amountP=Principalt=timer=interest…

Q: Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P…

A: Future Amount (F) = P50,000 interest rate (i) =12% number of months (n)= 9 months

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: You borrow $625 for 90 days at a simple interest rate of 4.1%. what is the interest on the loan?

A: To calculate the simple interest under the given conditions

Q: Ernie rolph borrowed $5650 at 6% annual simple interest. If exactly 1 year later he was able to…

A: Given Information -  Ernie Rolph borrowed $5650 at 6% annual simple interest. He repays the loan in…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

A: The given information is that the future value is $700,000 and the number of years is 35. The…

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

A:

Q: Milena deposited ​$9,000 in a certificate of deposit​ (CD) account that pays 3​% annual​ interest…

A: Given query is to find the amount accumulated in the account after 5 years.

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 5% interest. a) How…

A: Given: r = 0.05                    5% annual rate k = 12                      since depositing…

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

A:

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A:

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 10% interest. a)…

A: The objectives are: a) How much would one need to deposit in the account each month?b) How much…

Q: Jerry takes out a 30-year mortgage for $190,000.00 to buy a condo. His monthly mortgage payment is…

A: The total amount taken to buy a condo is $190,000 for mortgage of 30-years which mean 360=30×12…

Q: Cea deposited P so,000 in a bank that paid her $ 1,750 simple interejr tor one year. what s the rate…

A: Given that the deposit amount (P)=50000Interest after 1 year (I)=1750Time (T)=1 yearWe know that…

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. a) How…

A: Given: Future value:  F = $ 800,000 Time Period: 25 year Interest Rate: 8%

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

A:

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

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

A:

Q: Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest…

A:

Q: Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5%…

A: Given: P(amount of loan)=$4000, r(interest rate)=5%, t(time period)=first September to first…

Q: Find the interest and amount on P 800 at 6 ½% simple interest for 9 months

A: It is required to find the interest and final amount after 9 months.

Q: 3400 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the…

A: Given:  Principal=P = $ 3400 Rate of interest= 7.5% To find the amount of money in account after…

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the 2 bank uses the ordinary…

A:

Q: Karen's Katering borrows $3,500, at 8.5% interest, for 220 days. If the bank uses the exact interest…

A:

Q: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

A:

Q: Winston deposited $3,294 in a bank account with interest rate 2.6%. How much interest was earned in…

A: Simple interest: Deposit amount is . Interest rate is. Find the interest that earned in 5 years.…

Q: Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY…

A: we know that  APY = 1+rnn-1

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

A:

Q: Debi borrows money from a bank at 7% simple interest.  She borrowed $8,500 for 4 years.  If she pays…

A: