Suppose you wish to save $3,720. If you have $3,000 and invest it at 8% simple interest, how long will it take you to obtain $3,720?

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate…

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Q: Lisa McNeil needs to choose between two invest- ments: One pays 6% compounded annually, and the…

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Q: A principal of P86, 000 will amount to how much when invested 2 years and 6 months at 11.25%…

A:

Q: A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take…

A: given P=25700r=-3%=-3100=-0.03 (-ve sign because of depreciates)A=P(1+r)t A=25700(1-0.03)t…

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: You inherit $70,000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: Let x (in dollars)  be the amount invested at 4% and then amount invested at 10% is (70000-x)…

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If he earned…

A:

Q: If you were investing money in an account and the interest rate was the same either way, would you…

A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…

Q: A boat costs $10,800 and decreases in value by 6% per year. To the nearest penny, how much will the…

A: Costs of boat after 7 years is $7003.55 .

Q: A man invested $20,000 into two accounts paying 5% and 10% simple interest per year. If his earned…

A: To find the investment in each account.

Q: You are saving for a dream vacation that will cost $5,000.  How many years will you have to wait…

A: We need to calculate the time taken for the amount to become 5000 $

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

A:

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will…

A: Given that , Initial debt D0=$750 r=19% when Dt=450 then t=?

Q: You inherit $28,000 from a very wealthy grandparent, with the stipulation that for the first year,…

A: Let x=amount invested at 4%       y=amount invested at 10%

Q: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

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Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: Solve the following problems. At what simple interest rate per annum will ₱25,000 accumulate to…

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Q: Doing a quick calculation, I found that a sum of $10,000 in 1993 had the same buying power as…

A:

Q: A business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…

A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…

Q: Francine currently has $65,000 in her 401k account at work, and plans to contribute $6,000 each year…

A: Given,  Francine currently has $ 65000 in her account  and plans to contribute $ 6000 each year for…

Q: How many months will it take for the debt to be completely paid off? How do you know?

A: The graph shows the payoff of a debt at a constant rate. We have to find how many months will it…

Q: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…

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Q: How much should you put in an investment paying a simple interest rate of​ 5% if you needed​ $4000…

A: Consider the provided question, Given, rate of interest = 5% time = 18 months = 1812 years Future…

Q: How much should you invest at 3.2% simple interest in order to earn $90 interest in 4 months?

A: The formula is I=Prt , Where I=interest earned, P=principal, r=rate of interest, t=time. Here, I=$90…

Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: You have $2000 in a savings account that pays an annual interest rate of 3.25%. How long will it…

A: Given,  Principal = p = $ 2000 Interest rate = r = 3.25 %  annually Amount = A = 2×2000 = $ 4000 We…

Q: Suppose you save $5 each week. At the end of one year, how much money will you have saved?

A: Given : you save $5 each week Total week in one year =52

Q: a.) How long will it take for P800 to earn P240, if it is invested at 6.5% simple interest?

A:

Q: How much interest will Roxanne have to pay if she borrows $2000 for 2 yr at a simple interest rate…

A:

Q: Rob has 100,000. Invested into a fund that adds 5% per year.  How much will he have in 20 years…

A: Given: Initial amount=100,000 Increasing amount=5% of ininitial amount Time = 20 years

Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

A:

Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

Q: If you placed $1 into an account that paid interest at a rate of 6% and compounded the interest…

A: given, principal (P)=$1       interest rate (R)=6%=6/100 =0.06      time (t)  = 300 years…

Q: the smiths brought a apartment for 75000. assuming that the value of the apartment will appreciate…

A: Current value, P = 75000Appreciation Rate, R = 4.3%Time, T = 7 yearsAmount after 7 years = P1 +…

Q: Theron wants to save $5,550. If he has $3,000 and invests it at 5% simple interest, how long will it…

A: It is the given that Theron invested 3000 dollars at an interest rate of 5%. We have to calculate…

Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

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Q: How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest…

A: If p= principal amount R= rate of interest t= time And I is the interest after time t at a r% rate…

Q: You inherit $ 70000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: To work out the two amounts (investments) using the given data.

Q: An executive invests $22,000, some at 6% and the rest at 5% annual interest. If he receives an…

A: Let the investment at 6% = $xSo,Investment at 5% = $(22,000-x)Interest for 6% = $6x100Interest for…

Q: A store shows a net profit of $65,250 for the year. If the store profit increases by 3.75% per year…

A: Here we use compound interest formula which is as follows. If P be the principal which increases by…

Q: How long will it take a P30, 000.00 debt to earn an interest of P4, 500.00 if tne simple interest…

A:

Q: If you invest $6,000 in an account that pays 15 percent simple interest per year, how long before…

A: Given - Principal = $6000 Rate= 15% Amount = 2* principal

Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

Q: A man invested 50,000 in an investment entity that pays 5 3/8 % simple interest for 3 years and 7…

A:

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.