How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid o August 1, 2005 with exact simple interest at 8% per year.

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

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Q: You have $5,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: It is simple interest formula.

Q: Find the maturity value and interest if Jacob invested his money Php 150,000 at 6% compounded…

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Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

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Q: How much would be the interest when Bankers Rule was use if a principal of P86, 000 borrowed for 425…

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Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: What is the total payment required to pay off a promissory note issued for $600.00 at 10% ordinary…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

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: What is the annual interest rate on an account that earns $948 in simpleinterest over 36 months with…

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Q: What is the Total Return on a single share of Stock that was purchased for $10, sold 3 years later…

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Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Given Information P=$250,000 R=9% T=120 days=0.33 year we have formula : Interest = PRT100 Ordinary…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Calculate the simple interest earned in 1 year on a deposit of $1900 if the interest rate is 8%.

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: What is the simple interest on ₱12,500 at 8% for 9 months?

A: Formula for simple interest is as follows : I = P×R×T Where , P  is principal amount. R is Interest…

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

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Q: Find the interest earned on an investment of Php 10,000 into a money market account that pays a…

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Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

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Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: Find the simple interest on a loan of $15,500 at 8.2% interest for 10 months

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Q: Calculate the amount of simple interest earned. $1,000 at 8% for 4 years

A: Given: Principal amount = P = $1000 Rate = R = 8% Time = T = 4 years.

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: how much will amortize a product with a down payment of 3,000 Php for a monthly payment payable for…

A: Given Price = 21,000 and 15% discount  time = 2 years

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

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Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: A buisness loan of Php 650,000.00 is to be settled by paying Php 29,994.20 in 2 If the interest rate…

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Q: Find the cash price of an Android-based phone plan if a customer pays PhP 999 monthly for 2 years at…

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Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

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Q: After making payments of $901.10 for 9 years on your 30 year loan at 8.3%, you decide to sell your…

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Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Interest = PRT/100 Ordinary interest has 360 days per year.

Q: Find the amount due if $400 is borrowed for 14 months at 17% simple interest. Amount = $

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Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: What amount should be paid on January 13, 2016 for a loan of P16,000 made on July 7, 2015 at 8%…

A: Loan is taken on 7th July, 2015 and and needed to be paid on 13th January. So, total number of days…

Q: Find the simple interest on a loan of $13,500 at 8.2% interest for 8 months

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Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: Find the maturity value and the amount of simple interest earned. $5118 at 4.46% for 6 months

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Q: What amount of interest will be charged on P7,300 borrowed for 3 years at simple interest rate of…

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Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution

Q: Calculate the amount of money that was loaned at 3.00% per annum for 3 years if the simple interest…

A: I= P r t

Q: How many interest payments are made in 7 years and 6 months if interest is paid quarterly?

A: As we know a quarter is defined as 1/4th of any quantity  And in case of interest payments we define…

Q: If a loan of P45, 000 will amount to P76, 400 when converted quarterly for 3.25 years . what…

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Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given:

Q: What is the interest rate per conversion period if P29,500.00 was invested at

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Q: Find the simple interest earned on 5,000 deposited 40% for 10 years.

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Q: A mortgage of $175,000 is offered to you at 5.25% interest rate for 25 years a) find the monthly…

A: Given amount offered(P) = $175, 000 Interest rate(r) = 5.25% = 0.0525 per annum Interest rate for…

Q: If $8,800 is repaid of 9 months at 6.75% annual rate, earned interest is____________

A: