You  borrowed $1500 at 21% simple interest. What is the total amount to be repaid  1 year 55 days later?

Q: Corey would like to purchase a new car for $28,000.  How much will his monthly payments be if he…

A: Given that: Principal amount of loan, P=$28000TIme period of loan = 5 yearsRate of interest, r=5.75%

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: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…

A:

Q: Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much…

A: Given  : P = Principal value = $500 r = Interest rate = 4% =0.04 t = time in years = 45365

Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: A farmer purchased 275 acres of land for $4,500/acre. He paid 25% down and obtained a loan for the…

A: Find the annual payment from the given conditions

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

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

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: You borrowed $120,000 for a house and will have to pay $1,090 a month for 15 years. True or False:…

A: We can say it true or false with reason as below.

Q: Nanette buys a $5000 20-year bond that has a coupon rate of 2.5%.If she keeps the bond to…

A: We have to find

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Ali borrowed $6000 from a lender that charged simple interest at an annual rate of 7%. When Ali paid…

A: Given that, Amount P= 6000 Annual interest Rate,  R= 7% Interes, S.I = 2520 We've to find time n.

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

A:

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car.  How much…

A: Given: Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car.  How…

Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…

A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…

Q: present value of the loan

A:

Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

A:

Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…

A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Q: Jake borrows $2,500 at an interest rate of 15% a year. If he repays the loan in 2 years, how much…

A: Assuming the simple interest, Interest = PRT/100 Where P= principal R = rate T = time

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…

A:

Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: A friend lends you $490, which you agree to repay with 7% interest. How much will you have to repay?…

A: Solution

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…

A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…

Q: Shaynen borrowed P 1,200,000.00 for the purchase of his car. If his monthly payment is P 30,000.00…

A:

Q: You take out a 7 month, $2,000 loan at 8% annual simple interest. How much would you owe at the end…

A:

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

A:

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: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: If you paid $54 to a loan company for the use of $1,040 for 42 days, what annual rate of interest…

A: We will use the Simple Interest Formula to calculate the annual rate of interest. Simple Interest…

Q: To buy a car, Sophia borrowed $15,000 for 3 years at an annual simple interest rate of 9%. How much…

A: Sophia borrowed $15,000. Time is T= 3years. The rate of interest is r=9%. The objective is to find…

Q: Ernie Rolph borrowed ​$7400 at 8​% annual simple interest. If exactly 1 year later he was able to…

A: Consider a person who borrows $7400 at 8% annual simple interest. He is able to repay the loan…

Q: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Given, You inherited $5000 with the stipulation that for the first year the money had to be invested…

Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

A:

Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

A:

Q: Jill has a loan of $1600 . If she is charged 2% simple interest per month, how much interest is she…

A: The formula to calculate the amount on simple interest is given below: A=P(1+rt) where, A is the…

Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Let the amount invested in 9% fund be x. As, the amount is %5000. Therefore, the amount invested in…

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage

Q: Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple…

A: Principal = 18000 Rial R= 0.08 p.a for first two years R= 0.1 p.a for next three years.

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

A: