Find the interest. Round to the nearest cent. $400 at 7% for 3 years

Q: You have a credit card with a balance of $1,500 and APR of 15% (assume simple interest)A. What is…

A: There are 52 weeks in an year. Annual percentage rate = 15%. Therefore, weekly interest rate =0.288…

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: Margaret can finance the purchase o Plan A: 10%/a simple interest for Plan B: 5%/a compounded quarte

A: In this question, the concept of compound interest is applied. Compound Interest  Compound interest…

Q: You have $2,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit…

A:

Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: days upte est rate Of 2.5%. Vhat is the interest on the loan? Be sure to use the Bankers' R

A: Given, Borrow amount =$750                         Time  =60 days              Rate interest =2.5%

Q: A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple…

A: P=$4300, R=5 & T=6 months=612 year=12 year  ∵1 year=12 months Now simple interest is,…

Q: Find the future value of the loan. Round your answer to the nearest cent. P=$1000 ,r= 5%  t=8 years…

A:

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

A:

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A:

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

A: Compound Interest: The annual percentage can be calculated by using the formula: APR=2NrN+1Where,…

Q: You want to buy a Car for $28,000 dollars. The bank gives you the option of 3% interest over 4 years…

A:

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: In the question it is asked to calculate finance charge and new balance end of month.

Q: Use the simple interest formula to determine the missing value. p = $963.34, r= 5.5%, t= ?, i=…

A:

Q: Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest…

A:

Q: "Save the GST" is a popular advertising gimmick. If the GST is 5% of the price of the product, how…

A: Save the GST' is a popular advertising gimmick. If the GST is 5% of the price of the product, We…

Q: certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405…

A: Given query is to find the interest rate charged.

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

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: You deposit $5000 in an account earning 3% interest compounded quarterly. How much will you have in…

A:

Q: We want to pay our mortgage in 15 years. The annual interest rate is 6 percent. The bank told us we…

A: Hello! As you have posted 2 different questions, we are answering the first question. In case you…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: In order to start a small business, a student takes out a simple interest loan for $5000.00 for 3…

A: Introduction: The formula that gives the amount of interest in the case of simple interest is…

Q: Use the simple interest formula to determine the missing value. p= $963.89, r= 2.5%, t ?, i =…

A:

Q: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

A:

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A:

Q: Find the rate. Assume a 360-day year Principal: 3420 Time: 230 days Interest: 95 Rate: ? The…

A:

Q: You deposit $200 in an account earning 7% interest compounded annually. How much will you have in…

A:

Q: A bank offers 0.25% annual simple interest for a deposit. If you deposit ₱500,000.00, how much…

A:

Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: $6,000 is invested for 5 years at an annual simple interest rate of 7%. a) You will earn $ in…

A: our objective is to find the solution.

Q: Find the balance of an account that starts with $12,000 at a 4.8% annual interest rate after 7…

A: Given  Principal P= $12000 Rate of interest = 4.8% = 0.048 Time T = 7 years.  We have to find the…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. You want to have…

A: Given that APR=7.2% Amount=$11000 Number of years=3 Amount to be deposited each month=?

Q: p=559.04,r = 5.2%, t= 67 days the simple interest rounded to the nearest cent if needed

A: Obtain the simple interest for the given details as follows.r = 5.2%,  t = 67 days, p = 559.04

Q: "Save the GST" is a popular advertising gimmick. If the GST is 5% of the price of the product, how…

A: GST on the Price of product = 5 %, Price of T-shirt = $ 12.06

Q: Which account is a better investment? An account earning 6% simple interest An account earning 5.4%…

A: Let principle amount be $1000 on which interest is calculated. Also let time period be 1 year. Now,…

Q: You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

A:

Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…

A:

Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

A:

Q: A bank features a savings account that has an annual percentage rate of 5 % with interest compounded…

A:

Q: A bank features a savings account that has an annual percentage rate of 4,9 % with interest…

A: we have to find

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 5% for 20…

A: Given When a series of equal and regular payments is made to pay a financial obligation, it is…

Q: your goal is to create a college fund for your child. suppose you find a fund that offers an APR of…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 8.4%. You want to have…

A: Given:APr=8.4%=0.084monthly rate=0.05412=0.007P=$16000n= 3years

Q: You want to buy a house. After the down payment the house costs $102,000. The bank offers you 5.9%…

A: Given query is to find monthly payment for the loan.

Q: At your child's birth, you begin contributing monthly to a college fund. The fund pays an APR of…

A:

Q: brooke's credit card has an annual interest rate of 21% on her unpaid balance, which averages $900.…

A: Given query is to find the monthly payment.

Q: Suppose you invest $5500 in an account that earns 7% simple interest annually. Use this information…

A:

Q: A bank features a savings account that has an annual percentage rate of 3 % with interest compounded…

A:

Q: You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given:    A = 2000    t = 10   r = 5% = 5/100 = 0.05  Compound Monthly : n = 12

Q: You want to be able to withdraw $20,000 from your account each year for 15 years after you retire.…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.