Graduation is 2 years away and you want to have $600 available for a trip. If your bank is offering a 2-year CD (certificate of deposit) paying 2.2% simple interest, how much do you need to put in this CD to have the money for your trip?

Q: Graduation is 5 years away and you want to have $600 available for a trip. If your bank is offering…

A: Now,      Total amount at Simple Interest :A=PR×T100+1P=Initial amount,R=Rate of InterestT=Time.

Q: Jontell needs surgery on her foot. Assume that she has insurance and the surgery cost $5,000 and she…

A:

Q: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

A:

Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

A:

Q: Juan purchases an annuity for 4140 dollars that will make 17 annual payments, the first to come in…

A:

Q: Griffin is purchasing a home!  He has agreed to 5.25% interest over 30 years; his mortgage is…

A:

Q: Five years after buying their first home, Scott and Mia's mortgage came up for renewal. Interest…

A:

Q: Jamie wants a new smart TV/sound system that cost $1,250. He doesn't have that much in cash to…

A: We need to find payment in interest over 4 years.

Q: You borrowed $120,000 for a house and will have to pay $1,090 a month for 15 years. True or False:…

A: We can say it true or false with reason as below.

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: You decide to deposit $290 each month into the retirement fund, and retire when you can afford to…

A: Introduction: One of the fundamental mathematical operations is division, which involves breaking a…

Q: A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to…

A: To find out the amount that the teacher will accept now.

Q: karen and wayne need to buy a refrigerator because theirs just broke. unfortunately, their savings…

A:

Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

A:

Q: You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you can make a…

A: Given that    You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you…

Q: Carolyn will receive a 5% increase in pay this year and a 6% increase next year. What is the percent…

A:

Q: kample 3 Darnel owes a total of $3060 which includes 12% interest for the three years he borrowed…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately,their savings…

A: Given: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their…

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Chang bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A:

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: Bill Casler bought a $3000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

A: Amount that Bill-casier deposited to earn interest means principal money(P)=$3000 Rate of…

Q: Graduation is 5 years away and you want to have $600 available for a trip. If your bank is offering…

A: Simple Interest over time is given as:A= P0 (1+rt)A= Amount is the end amount i.e. principal plus…

Q: Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering…

A: Given,           Amount, A = $1300,            Rate, r=2.2% =0.022           Time, t =3

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

A:

Q: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

A: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

Q: Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicken and…

A: The price for which an article is bought is called its cost price. The price at which an article is…

Q: A friend lends you $900, which you agree to repay with 3% interest. How much will you have to repay?…

A:

Q: You purchase a new car for $19,500. If you borrow $19,500 for 5 years with an interest rate of 5%…

A: Given P=$19500 r=5%=0.05 t=5 years

Q: The new balance of a charge account is $145.00. The minimum payment is $30.00. If the interest rate…

A: Step:-1 Given new balance is $145.00 Minimum payment is $30.00 Left balance to be paid =…

Q: The Hoskins family spends $600 per month on groceries for their family. If this is 12% of their…

A: Given problem is  : The Hoskins family spends $600 per month on groceries for their family. If…

Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12%simple interest

A: In the given question we have to calculate the simple interest on $1200 loan for 9 months at the…

Q: Your paycheck each week is $500.00. If you want to save $2000.00 in one year, how much should you…

A:

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: Frank bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A: Given :- Frank bought a desktop computer and a laptop computer . Before Finance charges, the laptop…

Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

A:

Q: rest rate of

A: Given, Ms. Drake invests $1000 at a simple interest rate of 8.5% for 2 years. The interest during…

Q: Ken wants a $1000 TV/sound system. He can't afford that amount, so he uses a credit card with 20%…

A: Here, P = 1000, r = 0.20 and t = 4. The interest for each month can be calculated as That means, he…

Q: A laptop can be purchased for RO 400 for 50 RO down with a payment of 12 RO per month for 36 months.…

A: A laptop can be purchased for RO 400 for 50 RO down payment and 12 RO per month for 36 months

Q: You want to buy a $241,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

A: The total price of the home is $241,000. The down payment will be 15% among the total price.  Rest…

Q: With 1500.00 I opened a savings account in a bank that offered me a monthly interest rate of 0.5%.…

A: Given: P = $1500.00, r = 0.5% p.m., n = 12

Q: How much do you need to deposit each month for three years into a savings account that pays 6.5% APR…

A:

Q: Graduation is in 5 years and you want to have $850 available for a trip. If your bank is offering a…

A:

Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: we will use the formula of simple interest: I=p×r×t100 ---------- (i) and A=p+I ---------(ii) where,…

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.