If 60,000 was deposited in a bank and became 61, 625 at the end of 150 days, find the interest.

Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

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: Calculate the amount of simple interest earned. $6,000 at 6% for 8 years

A: The formula to calculate simple interest is = (principal) *(rate) *(time) /100

Q: Determine the amount of money accumulated after 5 years if $2, 000 is invested in an account that…

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Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?

A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…

Q: Find the interest earned: $9,900 for 24 months at 7.8% annual simple interest

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Q: A loan of ​$2520 can be repaid in 210 days by paying the principal sum borrowed plus ​$70 interest.…

A: To find the rate of interest charged.

Q: Find the interest and amount on 1200 at 11 3/8% simple interest for 2 years and 5 months.

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Q: Calculate the amount of interest that will be charged on $ 6549 borrowed for 5 months at 6.81 %.

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Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

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: Calculate the amount of simple interest earned. $1,000 at 8% for 6 years

A: IP

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

A:

Q: Find the simple interest owed if $200 is borrowed at 4.9% for 7 years.

A: The amount borrowed is $200. The rate of interest is 4.9%. The time period for which the amount is…

Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

A:

Q: Find the simple interest on P6275 at 10% for 6 months.

A: GIVEN: P = $6275, R = 10%, T = 6 months

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

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: Find the simple interest of the following:  a. Php 1000 at 3% annual simple interest rate for 2…

A: a. Given : P= 1000             rate =3% annual            time = 2 years b. Given : P= 5000…

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

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 amount on P55, 000 at 5 ½ % simple interest for 5 years

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Q: accumulate 70,000 for 2 years and 9 months at 2 3/4% simple interest

A:

Q: ccumulate ₱ 70, 000 for 2 years a

A: Simple Interest: Simple interest is a quick and simple technique of calculating interest on money.…

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

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: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: if $120 double in approximately 11 years, what is the interest rate

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Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

A:

Q: Find the simple interest owed if $680 is borrowed at 3.1% for 5 years.

A: The amount borrowed is $680. The rate of interest is 3.1%. The period for which the amount is…

Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: to $11,500 in 2 years and the interest amount earned was $950,

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

A:

Q: Every three months, Mahmood deposits $1100 into an account paying 6% compounded quarterly. Find the…

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Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

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Q: An investment made 7 years ago has accumulated to Php 32,500. How much was invested originally if…

A: Given that : Time = 15/ 2  annually Rate = 13 % annually Amount = 32500 P = ??  By using the…

Q: Calculate the amount of simple interest  earned.  $1,000 at 17% for 40 years  $ =

A:

Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 17% Number of months (t) = 5…

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: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

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

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Q: Find the amount of money that you will have in the bank at the end of 15 years if you deposit $2,500…

A: Solution: