Find the interest due on $1,400 at 9% for 270 days
Q: To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you…
A: Given:To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker…
Q: A man borrowed P2000 from a bank and promise to pay the amount for one year. He received only the…
A: Solution
Q: Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment…
A: Miguel purchased a hot tub costing $5,030. He made a down payment of $1,300. Financed the balance…
Q: A student borrows $1000 at 15% for 9 months to pay tuition. Find the total amount due using…
A: Let's find.
Q: George invests $9,000.00 in an account that pays 8.75%. How many days will it take for him to make…
A: b.232
Q: One thousand dollars, deposited into an account that pays interest monthly, is allowed to remain in…
A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…
Q: 000 certificate in years if the interest rate is 2% compoun
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Q: You deposit $600 in an account earning 3% interest compounded annually. How much will you have in…
A: Here I am attaching image so that you understand each and every step.
Q: Use the simple interest formula to find the amount of interest earned, then find the total value of…
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Q: Don borrows P5000 for 2 years at 4% per annum simple interest. He 1 immediately lends it to another…
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Q: Matt bought a boat for $15,000. This is a simple interest loan at 5.5% for 10 years. What is the…
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Q: Don borrows ₱5000 for 2 years at 4% per annum simple interest. He immediately lends it to another…
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Q: Melanie invests $1,000 at 15% simple interest for 1 year. How much is in the account at the end of…
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Q: Katy invests $4,000 into an account at an annual rate of 0.8% simple interest for 24 months.…
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Q: Mohamed accepted a new position as an electrician. Mohamed has a starting annual salary of 65,000…
A: Given Annual salary(P)= 65000/- Expected raise(r)= 2.4% No. of years(t)= 10
Q: Find the ending balance: $30,000 for 5.5 years at 6% annual compound interest
A: Final amount formula for compound interest is, A=P1+rnnt A- final amountP- Principal amountr- Rate…
Q: Find the simple interest owed if $200 is borrowed at 4.9% for 7 years.
A: The amount borrowed is $200. The rate of interest is 4.9%. The time period for which the amount is…
Q: A farmer purchased 285 acres of land for 4300 per acre. he paid 25% down and obtained a loan for the…
A:
Q: Ali borrowed $6000 from a lender that charged simple interest at an annual rate of 7%. When Ali paid…
A: Given that, Amount P= 6000 Annual interest Rate, R= 7% Interes, S.I = 2520 We've to find time n.
Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. He gets a 3.25% interest…
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Q: loan
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Q: You purchase a new car for $19,500. If you borrow $19,500 for 5 years with an interest…
A:
Q: Joaquin pawns his favorite watch for a loan of $120. After 30 days, he buys his watch back for…
A: Given P = $120, A = $140 and T = 30.
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: Determine the simple interest. p=587, r=0.045% per day, t=2 months
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Q: Calculate the simple interest due on a 32-day loan of $1300 if the interest rate is 4%. (Round your…
A: Given: P=1300 dollarsT=32 daysR=4%
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: Find the ending balance: $19,000 for 6.5 years at 6.8% annual simple interest
A: Given that Principal amount =$19000 years=6.5 interest rate=6.8% find out the ending balance
Q: A man buys an electric fan from a merchant that charges P1,500 at the end of 120 days. The man…
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Q: Find the amount ( in $) of interest on the loan. Principal: $50,000 Rate (%) 5 (3/4) Time : 6 months…
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Q: A typical credit card charges 18.99%. Find the interest owed on a credit card with a balance of $372…
A: We will use simple interest formula to solve this
Q: Simple Interest. George invests $9,000.00 in an account that pays 8.75%. How many days take for him…
A: Given that: Money invested, P=$9000Rate of interest, r=8.75%Interest earned = $500
Q: A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total…
A: The interest is the extra amount paid on the initial principal amount of the loan if no other…
Q: oaquin pawns his favorite watch for a loan of $120. After 30 days, he buys his watch back for…
A:
Q: deposits $10,000 into an account paying 9 (a number bet 6, rounded to the tenths place) % interest,…
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Q: Find the interest. Round to the nearest cent. John borrowed $4800 from his aunt to buy a car. He…
A: Formula:
Q: Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple…
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Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…
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Q: he simple interest charged on a 6-month loan of P18,000 is P918. Find the simple interest
A: principal P = P18000 time = 6years =612=12 the interest I = 918 The formula for the simple interest…
Q: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…
A: The simple interest formula is: A=P(1+rt)
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: peter paid 50,000 in 2.5 years he barrowed 40,00. What is the simple interest?
A:
Q: Discount $1,000 for 9 months and find the discount. at 5% simple interest and at 5% simple discount
A: Given the principal amount P = $1000. The time period t = 9 months = 912 years. Simple interest rate…
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: 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: 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 amount on P55, 000 at 5 ½ % simple interest for 5 years. O A. P71, 875 O B. P70, 125 O C.…
A:
Q: Use the formula for simple interest, I = Prt, to find the indicated quantity. | $125; P= $5000;…
A: Given- Interest (I) = $125. Principal (P) = $5000. Rate (r) = 5% = 0.05 Time = t years
Q: To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you…
A: First of all, consider the given values and the formula for the S.I.The principle amount =…
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