Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period your balance was ​$22,500. What was the amount you earned in​ interest?

Q: Suppose you take out a loan for $6,000, at 12% ordinary interest. If the amount of interest is $642,…

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Q: ou have $5,000 on a credit card that charges 16% interest rate. If you want to pay off the credit…

A: To calculate the amount need to pay each month to repay the amount.

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

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Q: Mr. Tan borrowed ₱15,000 from the faculty fund at 13.25% simple interest for 210 days. How much…

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Q: 1.How much interest will be charged on P7,300 borrowed for 3 years at simple interest of 12% per…

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Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: How an aclount in the account in 8 years Assume the account. earns 6% interest CompoyAced monthly…

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Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest. How…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

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: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: 1. The simple interest charged on a 60-day loan of Php 8,400.00 is Php 119. Find the simple interest…

A: Use simple interest formula

Q: If Rita receives $41.54 interest for a deposit earning 6% simple interest for 120 days, what is the…

A: Given: Formula used for simple interest:

Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: if you have been hired at an annual salary of 23,6000, and expect to  receive annual increases of…

A: topic- geometric progression

Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: If an amount of $2371 is borrowed at a simple-interest rate of 5% for 6 years. Then the simple-…

A: The formula for simple interest is given by SI=PRT100 where P is principle, R is rate and T is the…

Q: Use the fact that Cash Price = Equity + Outstanding Debt to compute the equity in an item where the…

A: Given, Cash price = Equity + Outstanding debt Cash prize = $ 699000 Outstanding debt = $ 85000

Q: A man starts his job with a certain m onthly salary and eams a fixed increment every year. If his…

A: Here every year same increment. So in 6year salary increase by 300rs  So in 1year salary increase…

Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

A: image is attached

Q: A man pays P 146428 every end of the month for a car bought on installment terms. If the man wishes…

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Q: Mr. Smith has saved $8,000 each year for 10 years. Two years after the saving period ended, Mr.…

A: : Given: Mr. Smith has saved $8000 each year for 10 years   let us compute the amount saved…

Q: A man applied for a loan with 16% interest. The interest will be automatically deducted from the…

A: If the interest is simple, then the formula that is used is A=P1+rt, where A is the final amount, P…

Q: 1 year. How long should the company warrant its computers if the company wishes less than 2.28% of…

A: Let , X→N(μ=4 , σ=1) Our aim is to find how long should the company warrant its computers if the…

Q: Suppose that a payment in three years of 11000 dollars has a present value of 8422.34 dollars. What…

A: This is compounding problem

Q: Suppose that the monthly payment on a loan is $700: The loan amount is to be paid in 8 years and the…

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Q: If an amount of $1521 is borrowed at a simple-interest rate of 9% for 6 years. Then the…

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Q: On the day a child was born, a lump sum P was deposited in a trust fund paying 4.5% interest…

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Q: What is the new balance in the savings account if the previous balance was $120.25, interest was…

A: See the attachment

Q: Your balance from the previous month is $450. On the 2nd day of the billing cycle, you charged…

A: Please check step 2 for solution.

Q: If an amount of $2371 is borrowed at a simple-interest rate of 5% for 6 years. Then the…

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Q: Which of the following is the present value of PHP 1,280,000 due in 5 years if the money is worth…

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Q: Suppose your have no balance (debt) on your credit card.  If you spend $150 in a month and paid…

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Q: A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much…

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Q: 1. To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How…

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Q: . In order to save for her 18th birthday, Yean decided to save P400 at the end of each month. If the…

A: According to the given information it is required to find the amount of money that will be in…

Q: (f) A calculator is sold under hire purchase term. A deposit of 560/- is required and a monthly…

A: First, we need to find the hire purchase price.

Q: If Mr. Cobain had deposited his payment into a savings account and just left it there, how much…

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Q: Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If you need…

A: Given, Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If…

Q: a.) How much should Mr. and Mrs. Reyes deposit if they want to have Php 800,000 that will be used…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as…

Q: if 12500 is invested at 6% from january 1, year 1, how much money accumulated until january 1 , year…

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Q: 2. Mr. del Rosario's recent salary for a year is P150 000. The head of the company gave him…

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Q: What would be the time period of Jasmin fashion Boutique's loan for P266,000 at 11% ordinary…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Mr. Ahmad's parents deposit KWD 2,500 at the end of each year into his account for the next 15…

A: In the it is given that Ahmad's parents deposit 2,500 at the end of each year into his account for…

Q: Money borrowed today is to be paid in 10 equal payments at the beginning of each quarter. If the…

A: Given - Money borrowed today is to be paid in 10 equal payments at the beginning of each quarter. If…

Q: man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Given: Future value required 17 years=60,000

Q: pays

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Q: Ahmed saves Rs 8 . in the first week. Rs. 10 in the second week, and continues to increase his…

A: Consider the given statement " Ahmed saves Rs 8 in the first week, Rs 10 in the second week and…

Q: How many months will it take for an investment of Php 30,000.00 to earn Php 112.50 at 1.5% simple…

A: Formula for time in simple interest: t=IP×r where t= time in years I= Interest P= Initial principal…