michelle wants to borrow 4,500. Bank a will lend michelle the money at a simple annual interest rate of 9% for 6 years. Bank B will lend her the money at 11% for 4 years. Which bank would charge michelle the least amount of interest?

Q: Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much…

A: Given  : P = Principal value = $500 r = Interest rate = 4% =0.04 t = time in years = 45365

Q: Zoe buys some appliances for $3850. She pays $200 down and repays the rest with 24 monthly payments…

A:

Q: Nancy sells handcrafted bracelets at a flea market for $8. If her monthly fixed costs are $845 and…

A:

Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: Diane determined that the $25.50 raise she received in her last paycheck represented a 3% increase…

A: We have to use simple mathematics calculation for the question

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

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Q: Jamie wants a new smart TV/sound system that cost $1,250. He doesn't have that much in cash to…

A: We need to find payment in interest over 4 years.

Q: Joy's monthly budget includes P2560 for food, P1250 for fuel, and P1500 for utilities. If she earns…

A: Given: Income of Joy (after taxes)=P16, 240Food expenses=P2560Fuel expenses=P1250Utilities…

Q: Kelly, a sales representative at a jewelry store, receives a 1.00% commission for the first $13,000…

A:

Q: Afterwinning $25 million in the state lottery, Jessica learns that she will receive five yearly…

A: solution: Present value =R1-1+i-ni where, R=Fixed periodic payment payment = $ 5000000 i= Intrest…

Q: You decide to work fewer hours per week, which results in a 19% decrease in your pay. What…

A:

Q: Frank is investing his money. He thinks that he should make $12 for every $100 he invests. How much…

A:

Q: A man spends 5/8 of his money on rent, and 5/16 of the remainder on electricity. If the final…

A: I am solving this in step 2

Q: Jack has been employed since January 2021 receiving a net monthly salary of Php20000. In…

A:

Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

A:

Q: Sally and Mary earn $200 at their yard sale. After giving Mary her share, Sally has $120. What…

A: total sale = $200 sally's share = $120 Mary's share = total sale - Sally's share Mary's share =…

Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

A:

Q: Pamela is 13 years younger than Jiri. The sum of their ages is 35. what is Jiri's age?

A: Pamela is 13 years younger than Jiri. Sum of their ages is 35. We have to determine Jiri's age.

Q: Carolyn will receive a 5% increase in pay this year and a 6% increase next year. What is the percent…

A:

Q: Mary​ Beth's first electric bill for her new apartment was ​$90 for the month of June. When she…

A:

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: Your interest rate on a $1,500 savings account is 4%. How much simple interest will the account earn…

A: Given information P=$1,500 r=4% ⇒r=4100=0.04 t=2 years We have to find the simple interest will the…

Q: Eric's average income for the first 4 months of the year is $1,450.25, what must be his average…

A: From the provided information, Eric’s average income for the first 4 months of the year = $1450.25…

Q: f $6000 is deposited into an account earning simple interest at an annual interest rate of 3% for 5…

A: Given Amount = P = $6000           Time = t = 5 years           rate = r = 3%

Q: Mathalino deposits 18,000 pesos into an account earning 3% interest per annually. How much money…

A: Given:  Mathalino deposits 18000 pesos into an account earning 3% interest per annually. To Find:…

Q: Fran has a monthly income of $2990, and budgets 9% of that amount for groceries. How much money does…

A: We have to find out the budget on grocery

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

A: We know that, for a Simple interest SI= P·R·T100where P = Principal,R = Rate of Interest,T = Time…

Q: Christine borrowed $3000 from a bank for 2 years and was charged simple interest. The total interest…

A: Given that, P=$3000 N=2 year I=$120  We have to calculate simple interest rate.

Q: Frank is investing his money. He thinks that he should make $10 for every $100 he invests. How much…

A: For the solution follow the next step.

Q: Bianca invested $2,260 for 280 days at a simple interest rate of 3.50% p.a. How much more or less…

A: Given information  P=$2,260 N=280 days R=3.50% pa R=3.50% pa=3.50365% per day=0.009589% per day The…

Q: Adriel just got hired for a new job and will make $65, 000 in his first year. Adriel was told that…

A:

Q: Gilly Bates invested $45000 in a 6% annual interest account.  How many years, to the nearest…

A: See the answer below

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

A:

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

A:

Q: In planning her​ retirement, Liza deposits some money at 2.5​%​interest, with twice as much…

A:

Q: Jocelyn just accepted a job at a new company where she will make an annual salary of $70000. Jocelyn…

A: Given that Jocelyn just accepted a job and her annual salary is $70,000.  Also given that, increment…

Q: At age 24, Brandie decides to put $150 a month into an account that has a 6% APR until she retires…

A:

Q: Johnny made ten annual payments of $1000 each into an account that pays 6% interest per year.  What…

A: The given question can be solved as shown in step2.

Q: Raymond always pays for gas at the pump with his credit card.  His card has an APR of 23.99% and he…

A: Please find the solution in the below step

Q: Oliver is starting a running plan to train for a race. In the first week of his running plan, Oliver…

A: Given that:- In first week oliver win run 14 miles In each week he increase it by 3.5 miles

Q: A medical insurance policy requires Ana to pay the first $100 of her hospital expense. The insurance…

A:

Q: Nicole, a sales representative at a jewelry store, receives a 1.00% commission for the first $12,000…

A:

Q: In planning her​ retirement, Liza deposits some money at 1.5​% ​interest, with twice as much…

A:

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: Anna bought ballpens for P90.00. then sold it all with a profit of P2.00 each ballpen. If after…

A: Given the data

Q: Mai borrowed $5000 from a bank for 5 years and was charged simple interest. The total interest that…

A:

Q: onions have a 89% yield percent and you have 3 pounds of trim after peeling onions. how many pounds…

A:

Q: 6) Alarm clocks cost the manufacturer P850.48 per unit to produce. If a mark-up of P132.95 is added…

A: we know that selling price = manufacturing cost + mark-up cost.