The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent. P = $800.00 r = 4% t = 7 months

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A: Introduction: Denote the principal as P, rate of interest as r%, and the time (in number of years)…

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A: We know that Simple interest (S.I)=PTR/100 Where P=principle             T=time in years…

Q: Find a simple interest. Assume the rate is an annual rate. Assume 360 days in a year.  p=1250 r=5…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: See the attachment

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 52% for…

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Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest. Round…

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Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: Using the formula for simple interest and the given values, find I. I=PRT P=$600; r=6%; t= 5…

A: We will put all the values in formula. We should know that 6%=6/100

Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

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Q: How many times is the rate compounded? How much is the total in the account? (ROUND TO THE NEAREST…

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Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 4% interest. Round…

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Q: The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's…

A: P=$5000, A=$5425, t=1 year

Q: Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t…

A: Find accumulated amount A .and given that principal value , interest rate , and time ( in year).…

Q: Find the requested value and tell what the other numbers represent. (a) Find t: 1440 = 6000(0.04)(t)…

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 8% interest. Round…

A: The answer is given as follows

Q: The monthly rent for the first house is $1, 190, and the Bainters can expect it to increase 1.7%…

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Q: Use the compound interest formula A = P(1 +r)t and the given information to solve for r. A = $2300,…

A: We are given A = $2300, P = $1800, t = 3 to find  value of r (as percentage) using formula…

Q: cent.) worth $12,000 after 4.5 years at 5.25% simple annual interest

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Q: The monthly rent for the first house is $1, 190, and the Bainters can expect it to increase 1.7%…

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Q: Suppose Cho deposits $200 into a bank account for 3 years. The annual interest rate is 5%. Find the…

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Q: Determine the amount of money you will have 10 years if you deposit $8,000 at 5.6% annual interest…

A: To find amount we use formula:

Q: You plan to purchase a home mortgage for a home that costs $1,329,731 with a 4% interest rate for 40…

A: Given Data: The cost of the home mortgage is: P=$1329731 The interest rate is: r=4% The time period…

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A: Given that APR=7.2% Amount=$11000 Number of years=3 Amount to be deposited each month=?

Q: evaluate the compound interest formula I=P(1+r/n)nt using the given values of the variables. Round…

A: P=$1,115 , r=0.036 ,n=2, t=7 Then Amount is given by

Q: The monthly rent for the first house is $1, 190, and the Bainters can expect it to increase 1.7%…

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Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at s% for 40…

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Q: A vehicle purchased for $20,700 depreciates at a constant rate of 7%. Determine the approximate…

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Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

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Q: Find (a) the compound amount and (b) the compound interest rate for the given investment and rate.…

A: Follow the next step for the solution.

Q: Q. 6. A ceiling fan is marked at Rs. 970 cash or for Rs. 210 cash down payment followed by three…

A: Given:Fan marked price = Rs. 970Down payment = 210Interest rate = 16%Find monthly instalment = ?

Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 10% interest. Round…

A: To calculate interest earned and the periodic payment that need to deposit to have 800,000 for…

Q: A new furniture set costs $2500. If you make a down payment of $500 ad finiance the rest at a rate…

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Q: A sum of RS.1000 in 2 years on compound interest of 5% per annum . The % rate of interest is a.5 b.6…

A: Given: A sum of RS.1000 in 2 years on compound interest of 5% per annum.

Q: A loan of $6,500 is given at 7.2% annual interest. If it is paid back monthly over five years, how…

A: Principal amount of the loan=P=$6500, annual interest=7.2%, to find the amount paid each month if it…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Solution- Given details  P = $4900.00 A= $5022.50 t= 6 month or 1/2 year  r=?  Here it is given that…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. If you deposit…

A: after three years you have $1381.22

Q: The face value of a certain bond is $3,500. It has a term of 30 months with a simple interest rate…

A: Given:The pricipal amount is $3,500.The rate oF intrest is 6.11%The duration (time) = 30 months.

Q: etermine the interest and the amount for the indicated time. (F» 1. Principal: $4,000 at 6% for a) 4…

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Q: Find the amount accumulated after investing a principal P for t years at an interest rate compounded…

A: We have to find the compound interest

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

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Q: The principal P is borrowed and the​ loan's future value A at time t is given. Determine the​ loan's…

A: We are given that P​ =​$3700.00​; A​ = ​$3857.25; t​ = 6 months = 6/12 = 0.5 yrs. We need to…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A:

Q: Find (a) the compound amount and (b) the compound interest rate for the given investment and rate.…

A: Topic:-  compund interest