How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest before he obtained an interest of 4,000?

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

A:

Q: Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate…

A:

Q: 2. Jeff invested some of his P 1,500,000 retirement benefit at 12% and the rest at 15% yield. How…

A: Let the investment at 12% benefit be : X  Let the investment at 15% benefit be : Y Therefore X + Y =…

Q: A certain gulf club spent 4/11 of their yearly budget on a banquet party they threw. If they still…

A: We will find the solution in the following step

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: A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take…

A: given P=25700r=-3%=-3100=-0.03 (-ve sign because of depreciates)A=P(1+r)t A=25700(1-0.03)t…

Q: Aman earns N150,000 per annum. He is allowed a tax free pay ofN40,000. fhe pays 25 kobos in the…

A: Since Kobo is the monetary unit in Nigeria, equal to on hundredth of Naira.  So We have Total annual…

Q: How long will 2 million pesos earn a simple interest of 200, 000 at 1% per annum

A: The formula for the simple interest is given by S.I= PRT  where S. I is the simple interest , P is…

Q: A manufacturer of vertical blinds purchases raw materials for $16.00 per set of blinds and has a…

A:

Q: an

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: On an investment of OMR 50,000, Salim receives OMR 65,000 after one year. If Salim invested OMR…

A:

Q: An investment increases in value by 35%. If the final valye is $5,298.75, then what was the initial…

A: Percentage problem.....

Q: Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long…

A:

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

A:

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: How long will it take for P 46, 450.00 to earn an interest of P14, 000 invested at 13.5% simple…

A: To solve the given question we shall use the following formula…

Q: Francine currently has $65,000 in her 401k account at work, and plans to contribute $6,000 each year…

A: Given,  Francine currently has $ 65000 in her account  and plans to contribute $ 6000 each year for…

Q: A principal of $4600 is invested at 7% interest, compounded annually. How many years will it take to…

A: A=P(1+r/100)t   Here a is amount p is principle  r is rate of interest and t is time in years

Q: How many months will it take an amount of $6,000 to earn $120.00 simple interest at an annual rate…

A:

Q: How many months will it take for the debt to be completely paid off? How do you know?

A: The graph shows the payoff of a debt at a constant rate. We have to find how many months will it…

Q: f $6000 is deposited into an account earning simple interest at an annual interest rate of 3% for 5…

A: Given Amount = P = $6000           Time = t = 5 years           rate = r = 3%

Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…

A:

Q: How much should you invest at 3.2% simple interest in order to earn $90 interest in 4 months?

A: The formula is I=Prt , Where I=interest earned, P=principal, r=rate of interest, t=time. Here, I=$90…

Q: A bank loaned out $120000 part of it at the rate of 8% per year and the rest at rate of 12% per…

A: topic - percentage

Q: How many years will it take for a sum of money to double itself at 7% compound monthly?

A:

Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

A: Given: Elon musk decides to invest in a new company, his investment earns 5.2% per year, compounded…

Q: You have $2000 in a savings account that pays an annual interest rate of 3.25%. How long will it…

A: Given,  Principal = p = $ 2000 Interest rate = r = 3.25 %  annually Amount = A = 2×2000 = $ 4000 We…

Q: You invested ​$19,000 in two accounts paying 7% and 9% annual​ interest, respectively. If the total…

A:

Q: Karl buys a $2500 investment certificate that pays 3.75% simple interest per year. How much more…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. How much…

A: Given that Millie invested $1000 at 3.5% interest , compounded monthly for a term of 18 months. The…

Q: How much should you invest at 4% simple interest in order to earn $65 interest in 19 months?

A: Given: r=4%=0.04 I=65 t=19 months=19/12=1.5833 years To find P=?

Q: a.) How long will it take for P800 to earn P240, if it is invested at 6.5% simple interest?

A:

Q: A car was bought for $85,000. It was sold 10 years later for $20,500. At what yearly rate did it…

A:

Q: how long will it take for an account with a principal of $5000 to earn $187.50 of simple interest at…

A:

Q: triple itself a

A: Assume, we have 'x' amount as a principal amount. Now, our goal is to find time t after which amount…

Q: the smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate…

A: Current value, P = 75000Appreciation Rate, R = 4.3%Time, T = 7 yearsAmount after 7 years = P1 +…

Q: Theron wants to save $5,550. If he has $3,000 and invests it at 5% simple interest, how long will it…

A: It is the given that Theron invested 3000 dollars at an interest rate of 5%. We have to calculate…

Q: you invested $4000 between two accounts paying 2% and 5% annual interest, respectively. if the total…

A: the amount of $4000 is invested between two accounts paying 2% and 5% annual interest, respectively.…

Q: Sehr put $1,000 into a savings account that earns 4%/a in interest, calculated simply. How much will…

A:

Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…

A:

Q: Suppose Sam makes $75,000 a year while Willie makes $6,500 per month.  Who makes more money per…

A:

Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…

A:

Q: Sanjay borrowed $7000 at a simple interest rate of 3% per year. After a certain number of years he…

A:

Q: How much should be invested at 9% to have $1100 at the end of 5.5 years?

A: Topic:- algebra

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

A:

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: A manufacturer of vertical blinds purchases raw materials for $17.00 per set of blinds and has a…

A: To find the overhead expenses per set

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

A: