Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at the end of 15 months. Annual simple interest rate=

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

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Q: Sam borrows $28 000 to buy a new car at a flat interest rate of 9% per annum over 3 years. How much…

A: It's a question of flat (simple) interest rate. We will calculate interest, add the same to the…

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

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

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

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Q: in order to start a small business a student takes out a simple interest loan for $4000 for nine…

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Q: Melissa Blum deposits $7500 of lottery winnings in an account paying 6% interest compounded monthly.…

A: Effective rate for compound interest: If r is the annual stated rate if interest and m is the number…

Q: Find the ending balance: $45,000 for 18 months at 4% annual compound interest

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Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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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: 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: |Find the annual simple interest rate of a loan, where $900 is borrowed and where $954 is repaid at…

A: In the given question we have to find the simple interest rate of a lone whose borrowed and repaid…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

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: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 5.2%, t = 17 days

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

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Q: Find the savings plan balance after 12 months with an APR of 2​% and monthly payments of ​$100.

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Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

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Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: You take out a 50-day single-payment loan for $910 with an interest rate of 19%. Find the amount of…

A: using :- simple interest = P×R×T

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: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: Calculate the simple interest rate when P=$3,600, I=$160 and t=4 months. Round to the nearest…

A: The simple interest, I is calculated using the formula: I=Prt, where P is the principal amount, r is…

Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

Q: The purchase value of an office computer is $12,660. Its annual depreciation is $1,960. The value of…

A: Given: The purchase value of an office computer is $12,660 The annual depreciation is $1,960

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: You purchase a new car for $19,500. If you borrow $19,500 for 5 years with an interest rate of 5%…

A: Given P=$19500 r=5%=0.05 t=5 years

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: A consumer buys a used car for $16000 with monthly payments of $300, an annual interest rate of…

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Q: How much interest will this account earn, if compound interest is calculated yearly? Principal =…

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Q: The purchase value of an office computer is $12,700. Its annual depreciation is $1,945. The value of…

A: Given,            The purchase value of an office computer is $12700 . Its annual depreciation is…

Q: oaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

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Q: payday loan store charges $50 for a one-month loan of $180. What annual interest rate is this…

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

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Q: Find the simple interest owed if $680 is borrowed at 3.1% for 5 years.

A: The amount borrowed is $680. The rate of interest is 3.1%. The period for which the amount is…

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

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Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

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Q: You borrow $710 from your brother and agree to pay back $770 in 3 months. What simple interest rate…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6%, t = 1 year

A: Consider the given values, P = $5000, r = 6%, t = 1 year The simple interest formula is defined as,…

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: Craig decides to purchase a property that has been valued at $560,000. He has $90,000 available as a…

A: According to the given information, The total value of property = $560000 Amount of deposit = $90000…

Q: Discount 1000 for 9 months and find the discount.  At 5% simple interest At 5% simple discount

A: Here P=1000, t=9 month=912=34year r=5%=0.05 simple interest. d=0.05 simple discount.

Q: Find the interest rate for a principal of $6570 and charged $30105 in interest for 12 years.

A: Given problem:- Find the interest rate for a principal of $6570 and charged $30105 in interest for…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $8000, r = 9%, t = 1 year

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Q: 2020 Ford Escape, Price is $28,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: The given data is: PV=$28,000Loan=6 yearsn=6×12=72r=3  To calculate the monthly payment using the…

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

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Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

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Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

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Q: Find the amount of interest paid on a loan of $2000 if it is repaid over three years at a simple…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year

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