Graduation is 5 years away and you want to have $600 available for a trip. If your bank is offering a 5-year CD (certificate of deposit) paying 4.1% simple interest, how much do you need to put in this CD to have the money for your trip?

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: Rashid borrows 3600 OMR for 10 months at a simple interest rate of 10% per year. Determine the…

A:

Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: If an amount $2144 at a simple interest rate of 10% for 4 years. Then the simple interest is $. O…

A:

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: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: in order to start a small business a student takes out a simple interest loan for $4000 for nine…

A:

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: Steph took out a simple interest loan that charges 8.5% interest annually. If her original loan…

A: Given: Loan amount is, P=$30000. Simple interest rate is, r=8.5%. Number of years, n=20 years. The…

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: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

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: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given Airline wants to borrow $800 million by issuing bonds. The bonds are for a 10-years period…

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

A:

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: If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due…

A:

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

A:

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: 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: Your employer offers a 401(k) plan with a 49% match, and you set a goal of retiring in 37 years with…

A:

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

A:

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

A:

Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…

A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…

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

A:

Q: Mary and Kevin buy a vacation home for $350,000 down and take out a 15- year mortgage for the…

A:

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

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: How much can you barrow to buy a house if you agree to pay $1500 per month for 30 years at 4.5%…

A: In the given question we have to calculate the amount needed to be borrowed of which monthly payment…

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

A:

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Given, You inherited $5000 with the stipulation that for the first year the money had to be invested…

Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Let the amount invested in 9% fund be x. As, the amount is %5000. Therefore, the amount invested in…

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

A:

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…

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: A man invested 50,000 in an investment entity that pays 5 3/8 % simple interest for 3 years and 7…

A:

Q: You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is…

A:

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage

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.