Given that the rate of interest is 20%, what is the exact simple interest on P3,000 for the period from February 14 to December 25, 1992.

Q: The annual interest rate on a credit card is 12.99%. If a payment of $300.00 is made each month, how…

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Q: The interest that is charged on the principal and the interest from previous years is called: a.…

A: The interest that is calculated on the principal and the interest accumulated from the previous…

Q: If an amount of $1821 is borrowed at a simple- interest rate of 7% for 4 years. Then the simple-…

A: The principal amount, P = $1821 Simple interest rate, r = 7% = 0.07 Time, t = 4 years To evaluate :…

Q: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

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Q: What is the rate of interest ( as a % ) on a loan of $7000, for 236 days, if the amount of interest…

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Q: a note with a face value of 9000 was discounted at 5% , if the discount was $185, find the lenght if…

A: In bank discount rate we generally use 360 days for one year.

Q: Determine the exact simple interest on P 5,000.00 for the period from June 10 2015 to November 21,…

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Q: A payday loan company charges a $60 fee for a $650 payday loan that will be repaid in 19 days.…

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Q: In terms of paying less in​ interest, which is more economical for a ​$60,000 mortgage: a​ 30-year…

A: We need to identify which loan is more economical. Use the formula  PMT=Prn1-1+rn-nt    ...1

Q: Consider the statement the interest rate on auto loans have increased by 50% over the past decade…

A: Given: The interest rate on auto loans have increased by 50% over the past decade and now stands at…

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: O…

A: We have to calculate the value of simple interest.

Q: If you finance the cost of your car ($200,000) at 6.9% APR for 3 years, determine the monthly cost:…

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Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: Which of the following discount rates will produce the smallest present value? Click here to view…

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Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

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

A: Given: The value of r is 9%

Q: Suppose that the total interest that will be paid on a 25-year mortgage from a home loan of $130,000…

A: The loan = $ 130,000Interest is = $ 380,000Total loan and the interest= ( 130,000 + 380,000)= $…

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

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Q: After making payments of $919.10 for 8 years on your 30-year loan at 8.5%, you decide to sell your…

A: We apply this formula

Q: ) You would like to take a housing loan with amount equal to JD 110,000, the bank annual rate on…

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Q: If an amount of $1735 is borrowed at a simple-interest rate of 4% for 6 years. Then the…

A: As we know that the expression for the simple interest is:   Simple Interest=PRT   Where,…

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $812 after…

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Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: ppose you have budgeted $ 1235 a month towards a mortgage. If you are offered a 30 year mortgage at…

A: Given Monthly payment=$1235 N=30*12=360 R=8.25/12=0.6875%

Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 6.875 and currently selling…

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Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: Suppose that a payment in three years of 11000 dollars has a present value of 8422.34 dollars. What…

A: This is compounding problem

Q: Ruqaiya borrows $1917 at a simple-interest rate of 7% for 3 months. Then the Discount will be: O…

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Q: Suppose that you took out a loan at 10% interest for 286 days. If the amount of interest was…

A: We have to find the principal.

Q: Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was…

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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: If an account earns an effective rate of 4%, what will the real rate of interest be if: a.…

A: Here, nominal rate is 4% or 0.04.

Q: Calculate the new interest rate if a bank realizes that the value of a mortgage increases from…

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Q: Given a final value M, related to an investment of 4 years and 9 months, if the present value is…

A: Question: Given final value M, related to an investment of 4 years and 9 months. If the present…

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

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Q: if the inflation rate were 4%, how long will it take for $1 item to cost $2

A: Using this trick C2=c1(1.04)^x

Q: The highway department expects the cost of maintenance  for a piece of heavy construction equipment…

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Q: Suppose a one-year discount bond offers to pay $1000 in one year and currently sells for…

A: Given Face value =$1000 Sell Price =$950 we know that                Price of bond=Face Value(1+r)n…

Q: Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on…

A: Given information Principal amount P=$5,600 Time t=235 days ⇒t=235360 years Amount of interest…

Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

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Q: If the simple interest on $1,000 for 10 years is $600, then what is the interest rate? The rate is…

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Q: Janice paid the bank $1,200.00 interest for a 9-month loan at 3.35%, so how much did she borrow…

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Q: What would be the time period of Jasmin fashion Boutique's loan for P266,000 at 11% ordinary…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

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Q: A student loan of $50,000 at a fixed APR of 6% for 20 years has a monthly loan payment of $4,359.23,…

A: Given, A student loan of $50,000 at a fixed APR of 6% for 20 years has a monthly loan payment of…

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: A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of…

A: In this question, we have to calculate simple interest of last 2 year. As given on this question.

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $816 after…

A: There are 2 types of interest are there, simple interest and compound interest. Simple interest is…

Q: Suppose a person borrowed $2000 and repaid the lender $2150 after 10 months. What simple interest…

A: Initial amount =$2000 Final amount = $2150 Intrest Paid = $150