Salim borrowed some money which amounts to OMR 4530 after 3 years at 7% simple interest.How much did he originally borrowed? a. OMR 5323.6 b. OMR 3743.8 OMR 8123.3 d. OMR 2743.1

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest. How much total interest will…

A: Given: Bob deposited $15,000 in a CD for 3 years paying 4.33% simple interest.  Find the total…

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: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

A:

Q: You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will…

A:

Q: y borrows $79,500 for

A: Introduction: The formula of the simple interest rate is given by, S.I.=P×R×T100 Where P is the…

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will…

A:

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. a)…

A:

Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A:

Q: Andrew invested $213 for 15 months in a bank and received a maturity amount of $239.50. If he had…

A:

Q: You deposit $200 each month into an account earning 4% interest compounded monthly. a) How much…

A: according to question, we have deposit $200 each month into an account earning 4% interest…

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: On June 1, Elena Moore deposited $610 in a savings account at Metro Savings and Loan Association. At…

A: I have appended the formula used in the solution part.

Q: Mario invested $6,000 in an account that pays 5% annual interest compounded annually. Using the…

A: Mario invested $6,000 in an account that pays 5% annual interest compounded annuallywe find…

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

A:

Q: You deposit $100 each month into an account earning 2% interest compounded monthly. a) How much will…

A: The details solution is given below

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P…

A: Future Amount (F) = P50,000 interest rate (i) =12% number of months (n)= 9 months

Q: Determine the simple interest. p=587, r=0.045% per day, t=2 months

A:

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: timothy puts in $300 in a bank that pays 7% in interest rate. If he leaves his intrest  from the…

A: Given that, The principle amount is p=$300 The rate of interest is R=7%  Since he leaves his…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

A: The given information is that the future value is $700,000 and the number of years is 35. The…

Q: The purchase value of an office computer is $12,660. Its annual depreciation is $1,960. The value of…

A: Given: The purchase value of an office computer is $12,660 The annual depreciation is $1,960

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: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after 18 months?

A: Given :-  Principle amount,P = $2500  Rate,r = 4.5% = 0.045  Given Time = 18 months 1 Year = 12…

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A:

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 10% interest. a)…

A: The objectives are: a) How much would one need to deposit in the account each month?b) How much…

Q: Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from…

A: From the given information we find the solution.

Q: Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A:

Q: 4% simple interest

A:

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. a) How…

A: Given: Future value:  F = $ 800,000 Time Period: 25 year Interest Rate: 8%

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

A:

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years

Q: Stephen lent $4,300.00 at a simple interest rate of 4.00% p.a. on March 15, 2014. Calculate the…

A: Given :-initial principal amount=$4,300.00interest rate=4.00% per annumDays Between Two Datesmarch…

Q: The finance charge that a student pays on his credit card is 18.4% APR (annual percentage rate).…

A: As per given by the question, there are average balance for the year is $5000 with 18.4%ARP. Now,…

Q: Lori buys a $411 certificate of deposit (CD) that earns 4.6% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5%…

A: Given: P(amount of loan)=$4000, r(interest rate)=5%, t(time period)=first September to first…

Q: Find the interest and amount on P 800 at 6 ½% simple interest for 9 months

A: It is required to find the interest and final amount after 9 months.

Q: To buy a laptop, Jihyo borrowed Php 38,000 at 8% simple interest. How much does she have to pay back…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

A: Given : Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and…

Q: Karen's Katering borrows $3,500, at 8.5% interest, for 220 days. If the bank uses the exact interest…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: we will use the formula of simple interest: I=p×r×t100 ---------- (i) and A=p+I ---------(ii) where,…

Q: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

A:

Q: Winston deposited $3,294 in a bank account with interest rate 2.6%. How much interest was earned in…

A: Simple interest: Deposit amount is . Interest rate is. Find the interest that earned in 5 years.…

Q: Debi borrows money from a bank at 7% simple interest.  She borrowed $8,500 for 4 years.  If she pays…

A:

Q: A home purchased for $300,000 depreciated 8% over a 1-year period. What was the value of the home…

A: We have been given that a home was purchased at a value of $300000 and its value depreciated at a…

Statements and Logic

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