Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering a 3-year CD 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: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest. How much total interest will…

A: Given: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest.  Find the total…

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

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: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

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 bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

A:

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

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

A:

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

A:

Q: Graduation is 2 years away and you want to have $600 available for a trip. If your bank is offering…

A: A=600,  t=2,  r=2.2%

Q: Instead of paying $20 per month, you decide to increase it to $50 per month.  How much will you owe…

A:

Q: and 6 months,

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

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

A: First of all, consider the SI formula for the calculation of the interest monthly. Principal amount…

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: You are now 20 years of age and decide to save $100 at the end of each month until you are 65. If…

A: When we invest a fixed sum at a fixed interval of time, it is called an annuity. The formula to…

Q: Ben wants to purchase a new car in 3 years and expects the car to cost $30,000. His bank offers a…

A:

Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

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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: 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: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

A:

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

A:

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: 2. Abel purchased a ranch worth P400,000. It is to be paid in four years with each annual payment…

A: The solution are next step

Q: A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total…

A: The interest is the extra amount paid on the initial principal amount of the loan if no other…

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

A: Other

Q: You buy a house for $280,000 and pay $25,000 down.  The rest is financed for 30 years at 6.5%…

A: Here, Value of House is $280,000 Down Payment is $25,000 Loan Amount (PV) is: Interest Rate (Rate)…

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

A: See the answer below

Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: A state lotto has a prize that pays $1,400 each week for 15 years. Find the total value of the…

A:

Q: If you want to earn 15% annual simple interest on an investment how much should you pay for a note…

A:

Q: Jimmy deposits $4000 at a bank with an interest rate of 4.5% per year and he has no plans of…

A: From the given information, the principal investment is P=$4000, interest rate r=0.045, and n=1 and…

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: Carmen put a $270 watch on layaway by making a 12% down payment and agreeing to pay $18 a week. How…

A: The question mentioned that the payment is divided into a down payment of 12% and $18 per week…

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: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

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

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,…

Q: You borrow $4,000 for one year from a friend at an interest rate of 1.5% per month instead of taking…

A:

Q: Gwen has saved $3,500 and wants to deposit it into a savings that earns 4% annual interest for 10…

A: Given P = initial investment = $ 3500 r = interest rate = 4% = 0.04 t = time period = 10 years

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.