How much simple interest would an investment of $2500 earn at the end of 10 years if the interest rate is 7%

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

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

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Q: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

A: 1-year after a car is sold an owner finds it is worth 60% of the original price. If it is now worth…

Q: You deposit $1200 in an account with an annual interest rate of 3%. How much simple interest is…

A: Given,  Principal = p = $ 1200  Interest rate = r = 3 %  Time period = t = 5 years  We have to find…

Q: ow much interest is charged when ₱50, 000 is borrowed for 9 months at an annual interest rate of…

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

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Q: George contemplates the purchase of100 shares of a stock selling for $15 per share. The stock paysno…

A: From given, P=$15100=$1500r=15%=0.15t=5n=1

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: Ronnie deposited 80, 000n in a savings account that pays 4 1/2% simple interest and earned 10,800 in…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: Explain why the amount of money in the account at the end of t years is given by the formula: P P 1+

A: Let us consider the interest compounded twice in a year.  Let yearly interest rate be r  and half…

Q: You invest £11400 in the bank and the interest rate is 11% per year. How much money do you have in…

A: The principal amount is 11,400. The interest rate is 11% per year and time is 1 year. The interest…

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: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

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Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

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Q: How long will it take money to triple if it invested at the following rates 5.2% compund weekly…

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

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Q: for a sum of $8000 to double in 12 years and 9 months, what must be the rate of interest compounded…

A: The solution is given in the next step.

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…

A: Given : Final Amount (A) = $600,000, Time(t) = 25, Interest rate(r) = 10% or 0.1 To find : Interest…

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: 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: Chad invested $2,260 for 266 days at a simple interest rate of 2.50% p.a. How much more or less…

A: We will find the solution in the following step.

Q: A student decides she wants to save money to buy a used car, which costs $2600. She comes up with…

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Q: Solve Problem 20.4 using Excel.

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Q: 6. The value of a new speed boat depreciates at a rate of 7% per year. If the boat was bought for…

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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: When purchase a stock for 10 pesos and then sell it one month later at 20 pesos, you are buying low…

A: Given problem Given that   When purchase a stock for 10 pesos and then sell it one month later at…

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

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Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

Q: A college student borrowed $44,000 to pay for tuition, room, and board. Some of the money was…

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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: 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: 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: Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much more or less…

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Q: Ken made $14,500 in five months at his new job. How much can he expect to make in two years if his…

A: Given : Ken made $14,500 in five months at his new job.

Q: How long will it take for your initial investment of $4,775 to reach $7,500 if the money is invested…

A: We are given Principal Amount P=$4775,   Total amount (Principal+Interest) A=$7500,   Interest Rate…

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,000…

A: We have to find the depereciated value after 14 years.

Q: Sharon wants to have $10,000 after 8 years. How much should she deposit in a 4.5% saving account in…

A: The formula for amount using the compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

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

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

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

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Q: You bought a house for $75,000. You were told that it will increase in value by 2% a year. How much…

A: Given that, You bought a house for $75,000. You were told that it will increase in value by 2% a…

Q: How long will an amount of money triple at a simple interest rate of 1% per annum? At what simple…

A: 1. Let principal P be x and amount be 3x. We know that, A=SI+P 3x=SI+xSI=2x The value of R is 1% or…

Q: A store shows a net profit of $65,250 for the year. If the store profit increases by 3.75% per year…

A: Here we use compound interest formula which is as follows. If P be the principal which increases by…

Q: At what interest rate will P120,000 earn P37,800 interest after 3 ½ years? A 9 % B) 8% 10% D) 7%

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Q: How much should you invest now at 3 3/4% simple annual interest in order to earn $190 interest in 5…

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Q: A total of $40,000 is invested in two municipal bonds that pay 4.25% and 5.75% simple interest. The…

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Q: A car is purchased for $31,000 . Each year it loses 30% of its value. After how many years will the…

A: Let the depreciated amount be represented by D(t). then according to the given condition.

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

Q: John grosses $27,000 a year. What is his gross semi-monthly wage?

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