loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how much should be paid after 3years

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A: In this question given with initial amount and the depriciation of the car per year we have to find…

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Q: bicycle originally cost $100 and was discounted 10%. After 3 months, it was sold after being…

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Q: On July 5, 2019, Robert borrows RM900 and agrees to repay the loan in 100 days at 10% per annum…

A: Use the formula of simple interest to determine the interest earned on the principal amount.…

Q: An investor has $40,000 dollars to invest. If part is invested at a 7% simple interest rate and the…

A: Given $ 40000 invested @ 7% and 11% to get final interest @ 10% We have to find the amount invested…

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A: In bank discount rate we generally use 360 days for one year.

Q: an inheritance of $550,000 upon turning twenty one. Nathan decides to invest his money with ABC…

A: Time taken by Nathan to get $720000 from $550000 @ 6.75% simple interest   Rate of interest of Nelle…

Q: Akram left a wealth of Rs.780000.His heir is a widow,3 sons and 4 daughters.Calculate the share of…

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Q: our investment account pays 3% interest. If you deposit $10 a day, how much will you have after 5…

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Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Cost price of necklace = $259 Down payment = $19 Financed the balance @ 12% simple interest Total…

Q: When the mortgage is completely paid off for mark and Lynne’s house, it will be 5 times as it is…

A: Given: The house will be 5 times as it is now when the mortgage of the house is completely paid. The…

Q: Danny creates up an investment arrangement for a friend that will return $5000 the first year, $6125…

A: We are given that the returns during the first year are $5000, during the second year are $6125, and…

Q: Suppose that you borrow $17,000 for four years at 6 ​%  toward the purchase of a car. Use PMT equals…

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Q: In the year 2001, a company made $7.2 million in profit. For each consecutive year after that, their…

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Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: Formula:final amount = principal amount(1+rt) Let, the first investment=xThe second investment…

Q: 5000

A:

Q: The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of…

A: Given information Pw=P392,000 r=5.4% ⇒r=5.4100=0.054 And n=4 years The annual cost is given by…

Q: Suppose that a particular TV depreciates 40% in value each year and has an original cost of $650. In…

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Q: How long will it take to pay off a debt of $3960 if $50 is paid off the first month, $60 is paid off…

A: Given, $50 is paid off in the first month, $60 is paid off in the second month, $70 is paid off in…

Q: The price of a car is RM 50000. If its value decreases yearly by 8% of its value in the previous…

A: Annual depreciation formula:

Q: Istvan earns an annual salary of $61,000 as an executive with a provincial utility. He is paid…

A: Solution :-

Q: you have 100 pesos today and on each of the following days, you save double the amount of money you…

A: Given query is to find the amount after 10 days .

Q: Hannah saved $250 at the start of each month for the last 10 years. If the accumulated value of her…

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Q: If a person borrows $2 400 and repays the loan by paying $100 per month to reduce the loan and 1% of…

A: Given: The loan amount borrowed is $2400 and the loan amount repaid is $100 per month. Th total cost…

Q: After several years of working, Katy has savings of $100,000. If she invests that 100,000 in a…

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Q: 4 Ricardo received parking tickets or $40 and $120 on Monday and Wednesday of the same week. If he…

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Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Given,       the cost price of the necklace is $259       the discount given on the necklace is $19

Q: Suppose that a wealthy benefactor agrees to give you one penny today and then double the amount she…

A: Given data is : 1 penny on the first day  2 pennies on the second day 4 pennies on the third day and…

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: If a amount P is invested at a interest rate  r%  per annum for  t years, then the simple interest…

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: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: Suppose your have no balance (debt) on your credit card.  If you spend $150 in a month and paid…

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Q: Miguel deposits ₱135,500 in a savings account that pay 13% interest converted semi-annually. If he…

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Q: Suppose your cell phone plan costs $45.00 per month for 300 minutes, plus $0.25 for every minute…

A: Assume x be minute above 300 minutes then, Cost=45+0.25x Also given that average monthly calling…

Q: A state lotto has a prize that pays $1,400 each week for 15 years. Find the total value of the…

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

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Q: Customers of a phone company can choose between two service plans for long distance calls. The first…

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Q: if a loan's annual simple discount rate is 4.34%, how many years would it take for the debt to…

A: Given discount rate dR=4.34%=0.0434. Formula for given problem is M=P1-dRT…

Q: The extinguishment of a loan of P87, 650 will be made by quarterly payment of how much to an agency…

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Q: A person borrows 6000 Dollar and agrees to repay the loan in monthly installments over 5 years the…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Mr. Johnson borrowed $8000 for 4 years to make home improvements. If he repaid a total of $10,320,…

A:

Q: A friend asks to borrow $500 and agrees to repay it in 60 days with 4% interest. How much interest…

A: Given Principal=$500Time=60 daysRate of interst=4%

Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: Given:   A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest.…

Q: man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Given: Future value required 17 years=60,000

Q: how long will it take his savings to grow to $46,000​?

A: Given: Amount in the savings account=$11,000 Additional savings=$3,300 Interest rate=12% Formula…

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

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Q: An office has an old copying machine and a new one. Working together, it takes both machines 6 hours…

A: An office has an old copying machine and a new one. Working together, it takes both machines 6…

Q: A person lent P5000.00 to B for 2 years and P3000.00 to C for 4 years on simple interest at the same…

A: We will find out the required rate of interest.