Q2. Joshua borrowed $1000 from his friend and paid him back $1050 in six months. What simple annual interest did Joshua pay his friend?

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

A:

Q: A trader gives a 5% discount for cash payments. What cash discount will he give on a bill of…

A: The expression: "p% of q" is same as p100×q.

Q: A man borrowed P2000 from a bank and promise to pay the amount for one year. He received only the…

A: Solution

Q: 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months.…

A: Principal (P) = $ 4000 Rate (R) = 4.5 % per annum Time (t) =4 months = 412 years = 0.33 yr As,  12…

Q: COScot 5)Scott takes gets a student loan to go to college after high school. If he pays $750 in…

A:

Q: suppose you pay back $455 on a $425 loan. You had the loan for 120 days. what is your simple annual…

A: Formula for simple interest:A=P1+rtwhere A= Total amount         P=initial amount         r=…

Q: Griffin is purchasing a home!  He has agreed to 5.25% interest over 30 years; his mortgage is…

A:

Q: 4. Puck is planning to buy a new Harley in 2 years. He is able to save $475 each month in an account…

A:

Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: Taylor plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at…

A:

Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

A:

Q: James wants to buy a car that costs $14,550. The dealership will finance the car for 5 years, at…

A:

Q: Mr. Nelson had to borrow $1500 to purchase a new water heater after the snowpacalypse. The loan had…

A: Question is related to interest.

Q: Chloe agrees to pay back $3,300 in one year at an interest rate of 6%. The bank subtracts the 6%…

A: Amount = $3300 Discount = 6%

Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

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

A:

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: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Find the amount of simple interest earned for depositing the given principle in an account. P=…

A:

Q: Suppose that you borrow $30,000 for four years at 8% for the purchase of a car. Find the monthly…

A:

Q: how much interest would you have to pay for a 20-month loan of P50,200.50 if the simple interest…

A: We will find out the required value.

Q: Q4: a) How much money would MR. Saad receive after 3 years if he invests Rs.12000 today at 6% simple…

A: Question: 4(a) How much money would MR. Saad receive after 3 years if he invests Rs. 12000 today at…

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: 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: Ben wants to purchase a new car in 3 years and expects the car to cost $30,000. His bank offers a…

A:

Q: Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering…

A: Given,           Amount, A = $1300,            Rate, r=2.2% =0.022           Time, t =3

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

A:

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

A:

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: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

Q: Dana bought a bicycle on an installment basis by paying P1, 000 downpayment and the balance at P500…

A:

Q: Chad is required to pay Cassandra $6,000 today but he wishes to postpone the payment for 120 days.…

A: Simple Interest Equation : A = P 1+r·t where A is the final amount P is the initial amount r is the…

Q: After working for five years, your friend is now being paid $42,000. Your friend told you that he…

A: Topic = Sequence

Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

A:

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

A:

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

A:

Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: ok out $12,000 in student loans to pay for his schooling. If he must pay the loan back over 10 years…

A: Simple interest: Simple interest is a method for calculating the amount of interest charged on a sum…

Q: Jenny borrows 3000 from her local bank at annual interest rate of 3.25% to be paid back in six…

A:

Q: ne first week OT year and weekly savings by Rs 1.75 each week.In what week will her weekly savings…

A: Jasleen saved Rs. 5 in the first week of the year and  then increased  her weekly savings by…

Q: John invested P120,000 in a bank which earned P37,800 after 3 1/2 years. Who is the investor? At…

A: Given that John invested P120,000 in a bank.So John is the investor.P=principle=P120000r=interest…

Q: Tom has just started a new job. the company has promised him that he will receive a 5% raise in 6…

A: Topic:- Algebra

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: 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: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

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

A:

Q: Find the interest rate for a principal of $6570 and charged $30105 in interest for 12 years.

A: Given problem:- Find the interest rate for a principal of $6570 and charged $30105 in interest for…

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: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: