Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much interest will she pay?

Q: Jontell needs surgery on her foot. Assume that she has insurance and the surgery cost $5,000 and she…

A:

Q: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

A: From the given information we find the monthly payment.

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A:

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Brittany invested $2,890 for 232 days at a simple interest rate of 2.50% p.a. How much more or less…

A: Solved below

Q: Paul puts $300 in a savings account that earns 3% interest annually. How much interest will he earn…

A: Given Paul puts $300 in a savings account that earns 3% interest annually. To find how much interest…

Q: How much was initially invested if the value of the investment is at P200,000

A:

Q: You decide to deposit $290 each month into the retirement fund, and retire when you can afford to…

A: Introduction: One of the fundamental mathematical operations is division, which involves breaking a…

Q: It will take 27 equal monthly payments for Aimee to pay off her credit card balance of $ 2053.62.…

A: The total credit card balance to pay off = $2053.62Aimee has to pay the amount in 27 equal monthly…

Q: To finance her community college education, Sarah takes out a loan for $2900. After a year Sarah…

A: Given that, Sarah takes out a loan for $2900 to financeher communinty college education.After a year…

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: To pay for a $23,800 car, Dante made a down payment of $3600 and took out a loan for the rest. On…

A: Given : Down payment = $3600 Loan Principal amount = 23800 - 3600 = 20200 Loan period = 12*5 = 60…

Q: Bella bought a living room suite for P85 000.00. She agreed to pay in 5 months at 12% simple…

A: We are authorized to answer one question at a time, since you have not mentioned which question you…

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

A:

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Pat borrowed $2,000 to help Pay college expenses. The interest rat was 8% annually, and she will…

A: P = 2000 r = 8% annually t = 6

Q: Joyce went to a bank to borrow 100,000 pesos for a gadget she wanted to buy. The bank charges a…

A: Here, we have to find How much money she have to pay as a interest.

Q: takes the loan for a year, what will be his monthly payment to the nearest penny to repay the loan…

A: The datas given in the question are  Principal=$450 Interest rate=9.9 Time period=1 year

Q: Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car.  How much…

A: Given: Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car.  How…

Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…

A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…

Q: Francisco borrows $870 from his parents and agrees to pay them back the same amount each month…

A:

Q: Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

A: Simple interest:Simple interest is an easy method of calculating the interest charge on a loan.…

Q: Jefferson borrowed $4000 for his college tuition at an annual simple interest rate of 5.5%. When he…

A:

Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

A:

Q: The total intrest that she paid on the loan was $270.

A:

Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

A:

Q: Your father bought a carwhich is Php200, 00o worth. He borrowed half of it to a bank with an…

A:

Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…

A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Q: Zayn buys a new phone for $600 and pays for it over two years with 6.% simple annual interest. What…

A:

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…

A:

Q: Laura invests $2,000 in a bank account where she earns simple In total, how much interest will Laura…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage = $150,000 Monthly payment of Susie = $531.8Total time of…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A:

Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

A:

Q: Eli opened a savings account with a one-time deposit of $400. The savings account pays a simple…

A:

Q: Goran borrowed $5000 from a lender that charged simple interest at an annual rate of 9%. When Goran…

A: Solution ) P = $5000,  R = 9% , SI = $2250 formula  Simple interest = ( P × R × T) /100…

Q: Carmen put a $270 watch on layaway by making a 12% down payment and agreeing to pay $18 a week. How…

A: The question mentioned that the payment is divided into a down payment of 12% and $18 per week…

Q: to finance her community college education, Marguerite takes out a stafford loan for $2100. After a…

A:

Q: Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in interest. How many years…

A:

Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How much…

A: Simple interest = PRT100, where P = principal amount R= Rate of interest T= Time in years…

Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

A:

Q: Celine deposited $505 into her savings account. If the interest rate of theaccount is 5% per year,…

A: Initial amount= P= 505  Interest rate= r= 5%= 0.05  Time = t= 4 years Interest= I = ?

Q: To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the…

A:

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Let the amount invested in 9% fund be x. As, the amount is %5000. Therefore, the amount invested in…

Q: Monthly Juans net earnings are 38 000 and expenses are $7,000. If Juan saves the ofference how much…

A: Monthly earnings = $8000 Monthly expenses = $7000 ∴ Monthly savings = $8000 - $7000 = $1000

Q: Chandler takes out a loan for $2,400. The loan length is 18 months at 6.5% and the monthly payment…

A:

Q: Victor borrowed ₱500 at a simple interest rate of 3%. At the end of the loan period, the interest…

A:

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.