For a given interest rate, simple interest varies jointly as the principal and time. If 3000 left in an account for 3 years earned interest of 720, then how much interest would be earned in 5 years?

Q: how long does it take an account containing $8000 to be worth $15000 if the money is invested at 9%…

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Q: Ms. Jonas invested an amount of $13900 divided in two different investments A and B at the simple…

A: Let the investment A be x, then the investment B becomes $(13,900-x) as Mr. Jonas invested an amount…

Q: How much more money would be in his account after 5 years if he saved $300 than if he saved $250?

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Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: Suppose your monthly income is $1500. You spend $500 for rent, $300 for car payment, $100 for car…

A: Simple Interest: Simple interest is interest calculated on the principal portion of a loan or the…

Q: A new car worth $24,000 is depreciating in value by $4,000 per year. After how many years will the…

A: Let 'n' be the numbers of years so that car's values $12,000 Then, 24,000-4,000n=12,000…

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If he earned…

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Q: if an object costs $555 when new, and $80 after 5 years, what does it cost after 3 years?

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Q: For a given interest​ rate, simple interest varies jointly as the principal and time. If $3000 left…

A: For a given interest​rate,Simple interest varies jointly as the principal and time. If $3000 left in…

Q: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: Two brothers, Steven and Michael, each inherit $35000. Steven invests his inheritance in a savings…

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Q: a bank deposit paying simple interest grew from an initial sum of 1000.00 to 1075.00 in 9 months.…

A: given data  initial amount  = 1000 simple interest = 75 time                  = 9 months formula for…

Q: A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on…

A: Solution

Q: If $5000 is invested at 6% simple interest, how long does it take this investment to be worth $7700…

A: Given that $5000 is invested at 6% simple interest.

Q: The amount of simple interest owed on a loan varies jointly as the amount of principal borrowed and…

A: To find: The interest will be owed on $6000 in 4 year. Given: The interest received for amount $4000…

Q: An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was…

A: Price of the car is decreases by 20% for every year. Therefore r=20% Price of car is $40,000…

Q: How long will it take to pay off a student loan of $20,000 if the interest paid on the principal is…

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Q: 5000

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Q: How much money will be in the account of Mr. Jinyoung Park at the end of three years, if he invested…

A: Given:- If invested ₱5,000 in an account paying 8% annually for three years To find:- How much money…

Q: Rene is 6 years older than her younger sister. After 1 0 years, the sum of their ages will be 50…

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Q: The price of a new $20,000 car today is expected to increase at an average rate of $950 per year.…

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Q: Ana is five years older than Beth. In five years, the product of their ages is 1.5 times the product…

A: Given problem:- Ana is five years older than Beth. In five years, the product of their ages is 1.5…

Q: How many years will it take P50,000 invested at 8% simple interest to double to P100,000? How long…

A: Given, r=8%=0.08, F=2P, where F is the final amount double of P i.e. principle amount n= number of…

Q: If P1000 accumulates to P1500 when invested at a simple interest for three years, what is the rate…

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Q: A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years.…

A: The initial value of the car is 50,000 After 5 years the car value is depreciated by one half so…

Q: The cost of a car decreases by 10.2% every year. If the estimated resale value after 15 years is…

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Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: alculate the approximate value of a $260 000 house after five years if it has an appreciation rate…

A: Given that initial value of the house is $260000  and appreciation percentage is 6% per year. Find…

Q: Find the current price of the item and the price 9 years from today. Round your answers to the…

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Q: How long will an amount of money triple at a simple interest rate of 1% per annum?

A: How long will an amount of money triple at a simple interest rate of 1% per annum?

Q: How long will it take to double the sum of money at 5% annual percentage rate?

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Q: Assume the exchange rate from US dollars (USD) to Japanese Yen (JPY) is 1 USD = 106 JPY. If you…

A: Given example is example of direct proportion . 1USD=106JPY99USD=xThereforex=106×991x=10494 JPY…

Q: For a given interest​ rate, simple interest varies jointly as the principal and time. If ​$1000 left…

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Q: Banks will often loan businesses large sums of money for short periods of time. If a company needs a…

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Q: If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5% annual…

A: Let x be additional money invested. Use the appropriate formula of simple interest each year equal…

Q: If the value of a stock depreciates at 3% a year, what will a $100 investment be worth in 20 years?

A: Given : Initial investment = $100, rate of depreciation = 3% and time = 20 years

Q: The monthly payment p on a mortgage varies directly with the amount borrowed B. If the monthly…

A: From the question, The monthly payment P on mortgage varies directly with the amount borrowed B. P∝B…

Q: For a given interest​ rate, simple interest varies jointly as the principal and time. If ​$1000 left…

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Q: Platinum  is valued at $1500 per ounce.  If its value goes up 10% per year for the next 2 years,…

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Q: An account starts with $1,000, and pays 100 percent interest per year. If the interest is credited…

A: If the interest is computed and credited more frequently during the year, the value of the account…

Q: The simple interest earned by a certain amount of money varies jointly as the rate of interest and…

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Q: how long will it take his savings to grow to $46,000​?

A: Given: Amount in the savings account=$11,000 Additional savings=$3,300 Interest rate=12% Formula…

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: At the end of 9 months, the balance of an account earning annual simple interest is $8180. If at the…

A: Given:Account balance after 9 months = $8180Account balance after 15 months = $8300Let A(t) be the…

Q: you invested $3000 between two accounts paying 5% and 9 % annual interest, respectively. if the…

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Q: A car is purchased for $31,000 . Each year it loses 30% of its value. After how many years will the…

A: Let the depreciated amount be represented by D(t). then according to the given condition.

Q: A car depreciates at the rate of 5% every year. If a car costs 650, 000 now, what is its value on…

A: We will solve the problem

Q: If Ben invests $4000 at 4% interest per year, how much additional money must he invest at 5.6%…

A: Ben invests $4000 at 4% interest per year. Let $x be invested at 5.6% annual interest to ensure that…