Shaynen borrowed P 1,200,000.00 for the purchase of his car. If his monthly payment is P 30,000.00 on a 5-year mortgage, what is the total amount of interest? A. 600,000 B. 620,000 C. 660,000 D. 680,000

Q: Lauren loaned $9,625 to Jacob at a simple interest rate of 4.47% p.a. for 3 years and 11 months.…

A: NOTE: Refresh your page if you can't see any equations. . here we have  P=9625 r=4.47%=0.0447 t=3…

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: mr jackson borrowed money from his bank and on his life insurance to start a buiseness . his…

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Q: Home Mortgage A couple who wants to purchasea home with a price of $350,000 has $100,000 for adown…

A: Total price of the house = $350000 Down payment=$100000 Unpaid balance= $350000-$100000…

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: Castle has just finished his thirty-second year with his company and is getting ready to retire.…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: NOTE: Refresh your page if you can't see any equations. . the down payment is 30% of the price so…

Q: se a truck for his mobile welding service, jerry arranged a 36-month loan of 45,000 at 4.75% annual…

A: Conversion of annual payment interest to monthly interest: Use the formula I divided by "n," or…

Q: you need a home loan of $85,000 after your down payment. how much will your monthly house payment be…

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Q: Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one…

A: Simple interest(I) of principal amount P, with rate of interest r% for t years is given by, I=…

Q: Anna's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of…

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Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

Q: Scott took out a 72 month loan for $35.000 to purchase a new boat. If Scott paid $8,925 in simple…

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Q: Joshua’s computer loan statement said that he would pay $1,244.34 in simple interest for a 3-year…

A: Given that, Joshua's computer lean statement said h would pay $1244.34 in simple interest for a 3…

Q: Leona Jefferson purchased a home and obtained a 25-year loan of $437,750 at an annual interest rate…

A: Simple interest problem

Q: (d). $5,680 invested at 7% for 9 months. Balance = $ Number %3D Interest = Number %3D %24

A: Compound interest

Q: A house sells for  $155,000  and a  20%  down payment is made. A mortgage was secured at  3%  for…

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Q: Find the total interest paid of the loan if the amount borrowed is OMR 25,000 at 5% interest for 8…

A: I am using Simple Interest formula for this. S.I.=(25,000*5*8)/100 S.I.=OMR 10,000

Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

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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: Jane needs to pay for car repairs and, to do so, decides to pawn her bicycle. The pawn broker…

A: The simple interest, I is calculated using the formula, I=Prt , where, P is the principal amount, r…

Q: 3) Harry had an unpaid balance of $1780.89 on his credit card statement at the beginning of…

A: According to the given information, it is required to find the finance charges and the new balance…

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

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

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Q: The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of…

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Q: You need a home loan of 95000 after your down payment.how much will your monthly house payment be if…

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Q: Ernie rolph borrowed $5650 at 6% annual simple interest. If exactly 1 year later he was able to…

A: Given Information -  Ernie Rolph borrowed $5650 at 6% annual simple interest. He repays the loan in…

Q: A loan of $2000 was made at 5.5% for four months.

A: Introduction: The FV formula assumes a gradual rate of growth and one direct payment that continues…

Q: Lainee would like to purchase a new car for $45,000.  How much will his monthly payments be if he…

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Q: The Hilton Resort in South Carolina offers a 3-day accommodation at a promotion price of C$316. If…

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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: Reina borrowed 1,200,000Php for the purchase of the car. If her monthly payment is 31,000Php or a…

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Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: You put a $4,500 dining set on layaway and put down a 10% deposit. What is the balance?

A: Answer

Q: You have taken a loan of $54,000.00 for 37 years at 5.8%o

A: I have provided this answer with full description in step-2.

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

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Q: Harry had an unpaid balance of $2481.23 on his credit card statement at the beginning of April. He…

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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: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…

A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year

Q: Find the interest and the amount to pay back on the following simple interest loans $875 at 8.7% for…

A: We have given principal amount  , rate of interest and time period and we have to find out interest…

Q: A laptop can be purchased for RO 400 for 50 RO down with a payment of 12 RO per month for 36 months.…

A: A laptop can be purchased for RO 400 for 50 RO down payment and 12 RO per month for 36 months

Q: Jack borrowed a $35,000.00 loan with a simple annual interest of 4.50%, what is the total amount he…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: image is attached

Q: Find the amount to pay back on the following simple interest loans. (c). $2,900 at 8.5% for 4 yr.…

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Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

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Q: A graduating college student owes $41,866 for a student loan. The loan charges an APR of 4.2%. What…

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Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

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