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

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

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: What is the annual rate of interest if ₱265 is earned in four months of an investment of ₱ 15,000?

A: Given query is to find the annual interest rate.

Q: The TACO Truck costs $60,000. If you used a straight-line depreciation and plan to keep the vehicle…

A: Here cost of the asset =  $60,000 Here, we plan to keep the vehicle for 10 years  The salvage value…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

A:

Q: A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the…

A:

Q: If a 31-day salary is 3,500, how much is it for 4 days?

A:

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: If you pay your friend 15$ each month for 20 months to repay a loan, what is the total cost of the…

A: Explanation of the answer is as follows

Q: Rachel receives $2,800 pay each month from her job. If she spends 24% on rent and 12% on food, how…

A:

Q: Susie is paying $589.35 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage value = $150,000 Monthly payment of Susie = $589.35Total…

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

A:

Q: Monthly, Juan's net earnings are $8,000, and expenses are $7,500. If Juan saves the difference, how…

A: Monthly details:  Juan's net earnings =  $8,000    Juan's net expenses = $7,500 difference = $8,000…

Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…

A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…

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: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…

A: In this question we have to find the amount which is loaned out at 8%.

Q: Instead of paying $20 per month, you decide to increase it to $50 per month.  How much will you owe…

A:

Q: If $5000 is invested at 6% simple interest, how long does it take this investment to be worth $7700…

A: Given that $5000 is invested at 6% simple interest.

Q: Suppose that a particular TV depreciates 60% in value each year and has an original cost of $720. In…

A: The answer is given below:

Q: A three-bedroom house in Buena Park is worth 596,000. If the cost of a house increases at 8.4% per…

A: #2. From the given information, the given model is an growth model. Given that, the initial is…

Q: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…

A:

Q: Susie is paying 594.16 every month for her 150,000 mortgage. If this is a 30 year mortgage, how much…

A: The monthly amount Susie paying per month = 594.16Total mortgage = 150,000The time period of…

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A:

Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Lee Sutherlin's net earnings is $38,100. For a self employed person social security tax and the…

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

A:

Q: Archie Buchanon has a $28,000 boat that loses 12.5% of its value yearly.  How much is his boat worth…

A:

Q: A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years.…

A: The initial value of the car is 50,000 After 5 years the car value is depreciated by one half so…

Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

A:

Q: How much interest will Roxanne have to pay if she borrows $1000 for 2 yr at a simple interest rate…

A:

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: one man received 15% more then the other man when they shared an inheritance of $4300 how much did…

A: One man received $2000, another man received $2300

Q: A family has an annual income of $33, 000. How much is their monthly income? Their monthly income is…

A: A family has an annual income of $33,000. How much is their monthly income?

Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…

A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…

Q: Banks will often loan businesses large sums of money for short periods of time. If a company needs a…

A:

Q: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6% per…

A: Given: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6%…

Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…

A:

Q: Susie is paying $577.02 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: The formula used to calculate the EMI (monthly instalment) for a loan is: EMI = P×r×1+rn1+rn-1 Here:…

Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

A:

Q: You invested ​$23,000 in two accounts paying 4% and 7% annual​ interest, respectively. If the total…

A: ​$23,000 in two accounts paying 4% and 7% annual​ interest. The total interest earned for the year…

Q: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year 2000.

A: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year…

Q: How much money does John have to reinvest from his father‘s account.

A: The formula for simple interest is A=P(1+rt). Here A is the amount obtained after the deposit of P…

Q: A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it…

A:

Q: A payday loan is made for five weeks, where the amount of interest owed per $⁢100 borrowed is $⁢20.…

A:

Q: If John earns $4,500 per month and spends 20% of his earnings on his monthly rent, how much does he…

A: We have to find

Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: If the average value of a house increases 10% per year, how much will a house costing $120,000 be…

A: Given: Principle amount deposited, P = $120,000 Rate of interest, r = 10% times per year, n = 1…

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.

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.