Find the amount on P55, 000 at 5 ½ % simple interest for 5 years

Q: 5. $8000 is deposited at a bank account that pays 3% interest compounded monthly. How much will the…

A: Explanation of the answer is as follows

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: The amount after 10years will be what in $ Round to the nearest cent as requested.

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $385 per month…

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Q: Find the interest and amount on P1,200 at 11 3/8 % simple interest for 2 years and 5 months.

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Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month…

A: Since in the given question, the payment will start three years from present, that  is the amount…

Q: On June 1, Elena Moore deposited $610 in a savings account at Metro Savings and Loan Association. At…

A: I have appended the formula used in the solution part.

Q: Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the…

A: Mario invested $6,000 in an account that pays 5% annual interest compounded annuallywe find…

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: 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: 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: timothy puts in $300 in a bank that pays 7% in interest rate. If he leaves his intrest  from the…

A: Given that, The principle amount is p=$300 The rate of interest is R=7%  Since he leaves his…

Q: On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1%…

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: You have $3,500 on a credit card that charges a 16% interest rate. If you want to pay off the credit…

A: GivenCurrent balance(PV)=$3500Interest rate=16%Period(n)=3 years=36 MonthsNow use the…

Q: You deposit $6000 in an account earning 2% interest compounded the account in 10 years?

A: Here the deposit amount P(0)=$6000 rate r= 2%=2100=0.02 time t=10 years

Q: accumulate 70,000 for 2 years and 9 months at 2 3/4% simple interest

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Q: teach

A: Given, A teacher saves P5,000 every 6 months in the bank that pays 0.25% compounded monthly.

Q: A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after 18 months?

A: Given :-  Principle amount,P = $2500  Rate,r = 4.5% = 0.045  Given Time = 18 months 1 Year = 12…

Q: Reina borrowed 1,200,000Php for the purchase of the car. If her monthly payment is 31,000Php or a…

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Q: 4% simple interest

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Q: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

A:

Q: Discount p500 for 2 years at 6% simple interest?

A: The simple interest formula for a principal amount(p) for t years at an interest rate of r% is given…

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

A:

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Mona borrowed $10,000for 5 years at 5½% simple interest rate. How much interest is that?

A: The given question as belonging to the simple interest in which we have to find interest value so we…

Q: You have $3,500 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: Given- You have $3,500 on a credit card that charges a 18% interest rate. To find- If you want to…

Q: Lori buys a $411 certificate of deposit (CD) that earns 4.6% interest that compounds monthly.  How…

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

Q: find the amount that must be repaid. $8563 borrowed at 15.5% simple inteeest. what total amount to…

A:

Q: Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest…

A: Given that Amount of money Laura invested = $2000 Compound Interest rate = 6.4%  To calculate the…

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

A:

Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months.

A:

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: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

Q: You  borrowed $1500 at 21% simple interest. What is the total amount to be repaid  1 year 55 days…

A: Consider the following simple interest formula: I=P×R×T100Where,P=PrincipleI=InterestR=Rate of…

Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

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Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 17% Number of months (t) = 5…

Q: You deposit $1000 each year into an account earning 6.1% interest. How much will you have in the…

A: Given Information :  Amount $1000 deposit each year into an account earning 6.1% interest.  Let,  P…

Q: Find the amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C.…

A:

Q: Marcia has a simple interest savings account that she initially deposited $1,300.  What is the total…

A: Find your answer below

Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

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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: Find the amount in the account at the end of 8 years.

A:

Q: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home…

A: We have been given that a home was purchased at a value of $300000 and its value depreciated at a…