Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2 years b Pho 5000 at 1% annual simple interest rate for 1.5 years

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $724 per month…

A: We will find out the required value.

Q: Assume the monthly payment of a loan amount of $400,000 is $1450.  How long will it take to retire…

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Q: Find the amount of an annuity that consists of 16 quarterly payments of $300 each into an account…

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Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: Hui acquired a $9,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: We have to find the simple interest rate.

Q: Jason acquired a $10,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: Given problem:- Jason acquired a $10,000.00, 91-day, Province of Alberta T-bill on its date of issue…

Q: Demetrius Jackson places $37,000 in a 10-year certificate of deposit yielding 6% compounded daily.…

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

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Q: Jamerra receive plans on paying the end of 2 yea $450 in interest interest rate on

A: GIVEN  principal P=$ 3000 time t=2 years interest I=$ 450

Q: A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…

A: A child deposits his birthday money of $350, so the principal amount is $350    Rate = 5.6% interest…

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: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

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Q: Find the mortgage payment for a 15 year loan of 224,900$ at an annual interest rate of 8.05%. Round…

A: Given Pmt=Mortgage payment P=loan amounts=$224900 r=rate per period=0.0805 n=number of payment=15

Q: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…

A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $460…

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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 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: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year. Compute for the…

A: Leslie Salazar borrowed P280,000 at a simple interest rate of 9% for one year.

Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

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Q: The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of…

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

A: Find ending balance

Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for 1 month for a fee of 4%…

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Q: Find the interest rate for principal of $ 9442 and charge $ 30233 in interest for 18 years . Round…

A: We have to find rate .

Q: Shelby received a 15 year loan of $250,000 to purchase a house. the loan was 5.10% compounded…

A: Loan Amortization Formula A=Pi(1+i)n(1+i)n-1 where A is payment amount per period P is loan amount i…

Q: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

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

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: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

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Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

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Q: In order to accumulate enough money for a down payment on a house, a couple deposits $431 per month…

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Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…

A: By using the formulas of future value we solve the given problem as follows :

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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Q: Calculate the amount of money that was loaned at 6.00% per annum for 2 years if the simple interest…

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Q: What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.

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Q: Mr. and Mrs. Maglalang decide to set aside ₱ 500,000 today and place it on a bank savings account…

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Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $327 per month…

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

Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: Find the balance in an accou interest rate of 3.8% per yea

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Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Determine the amount of money accumulated after 15 years if $1, 000 is invested in an account that…

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Q: Tiffany acquired a $5,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

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Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…

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Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: What is the total interest paid on a 30 year mortgage for $235,000 if it is charged 7% interest,…

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