Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after three years. He paid interest of $6,640. What was the interest rate?

Q: Hannah has $33,292 in a savings account with simple interest. If she deposited $28,700 two years…

A: NOTE: Refresh your page if you can't see any equations. . here we have  A=33292 P=28700 t=2 years

Q: Bianca bought a couch for $599 (before taxes), which included a $150 manufacturer coupon. How much…

A: retailer will receive ammount = selling price - coupon

Q: Jane makes $85,000 per year less 26% in taxes and deductions, what is her monthly salary?

A: The objective is to find the monthly salary of her.

Q: A man de pesied 1,950,000 into a bank with a rate of 3.80 % for 26 monthn. How much money did he…

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Q: Madi is looking to buy a used car that will cost her $10,000. She will make a down payment of $5,000…

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Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

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Q: Jane’s side job is $700 a month less 21% in tax deductions , what is her monthly salary?

A: Given that: Jane's side job earning = $700 a month less 21%

Q: mrs.Jackson needs to earn $3,000 a month. how much does she need to sell if she earns 15% commission…

A: For the solution of the problem follow the next step.

Q: Sammy wants to buy a house that is priced at $120,000 on the marker. He wants to put 10% down as a…

A: Price of house = $120,000 Down payment = 10% of the house price.

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: Sammy wants to buy a new stereo price at $443 he enters into agreement to pay $22 a month for 24…

A: Cost of New Stereo = $443 He will pay $22 a month for 24 months to buy the sterio. Calculating the…

Q: Elsa borrowed $9000 from a bank for 4 years and was charged for simple interest. The total interest…

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Q: and 6 months,

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

Q: Georgia purchased a new laptop, which was advertised for $950. She bought it on the installment plan…

A: Given : Price of laptop  = $950, Payment at the time of purchase = $60 Interest rate  = 12% Time  =…

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: lisa borrowed $6,300 from the bank, If she has already paid 2/7 of the loan, what is the remaining…

A: Given: lisa borrowed $6,300 from the bank and she has already paid 2/7 of the loan.

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

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

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

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

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Q: rett put a $410 item on layaway by making a down payment of 16% of the purchase price. How much does…

A: A down payment is an initial payment made by a buyer for the purchase of an item or service on…

Q: An appliance center agent sold a set of kitchen utensils for P20,000 and got a P600 commission. What…

A: The rate of commission is calculated using the formula below.             Disclaimer: Since you…

Q: Arvin took out a small loan of ₱900 for 18 months. The simple interest rate on the loan was 10.5%.…

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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: Yu-Feng Liang bought a used car for $8000. He made a down payment of $1000 and paid off the balance…

A: Value of Down Payment = $1000 Monthly payment of $202 for 48 months Total Payment made by Yu-Feng…

Q: a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and if he wants…

A: Given that  a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and…

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

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Q: To pay for an SIK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the…

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Q: A family purchased a washer for $496. If they paid 25% down and agreed to pay the remainder in…

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Q: The simple interest on a $710 three-year loan amounted to $276.  What was the annual interest rate…

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Q: Meadow Inc. purchased a machine for $100,000 after a discount of 25%. Calculate the original price…

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Q: Anthony purchased a $229 stereo system at Wrigley's Department Store. He paid $40 down and agreed to…

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Q: oaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

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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: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: Shannon Sovndal received an 8% raise, which amounted to 100 per month. What was his old wage, and…

A: Shannon Sovndal received an 8% raise, which amounted to 100 per month

Q: Juan bought a stereo with a sticker price of $850. If he paid $20 a week for a year, what was the…

A: Explanation: Given that: Price of stereo with a sticker is $850. Calculation: Juan paid $20 a week…

Q: A car dealer will sell you the $16,150 car of your dreams for $3,290 down and payments of $338.97…

A: Let the APR (annual interest rate ) be r . r is determined in the following steps

Q: Bailey received a loan of $13,690 from her friend. If she was charged the interest amount of $965 at…

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Q: Kaitlin borrowed $600 from a bank for 6 years and was charged simple interest. The total interest…

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Q: You purchase a car for $12000 and agreed to pay it off in 48 monthly payments of $365 each. What…

A: Given Information: You purchase a car for $12000 and agreed to pay it off in 48 monthly payments of…

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

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Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

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Q: Fred recieved a check for $5,000 from the sale of some stocks, after both a 10% sales commission and…

A: Let total sales price be x Sale commission=10 % of x                          = 10100x x…

Q: Maddy Brown needed​ start-up money for her landscape service. She borrowed $11,000 for 42 months and…

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Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: Mr. Samson received annual salary of ₱30,000. At the end of the year, what would be his 13th month…

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